There is a newer version of the Mississippi Code
2016 Mississippi Code
Title 29 - Public Lands, Buildings and Property
Chapter 3 - Sixteenth Section and Lieu Lands
In General (§§ 29-3-1 - 29-3-141)
§ 29-3-23. Proceeds of sale of lieu lands
MS Code § 29-3-23 (2016) What's This?
(1) The proceeds derived from such sales shall be used for the benefit of the schools situated in the township owning the lands. The principal derived from the sale of such land shall not be spent, but only the interest and income derived from such funds may be spent.
(2) [Repealed]
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