There is a newer version
of
this Section
2017 Mississippi Code
Title 37 - Education
Chapter 29 - Junior Colleges
Educational Building Corporations
§ 37-29-611. Declaration of necessity of formation of educational building corporation; vesting of title to facilities upon retirement of bonds
Universal Citation: MS Code § 37-29-611 (2017)
- (1) The Mississippi Community College Board is hereby authorized and empowered, in its discretion, to pass proper resolutions declaring the necessity of the formation of nonprofit educational building corporations, as set forth in Section 37-29-601.
- (2) When the principal of and the interest on any bonds of an educational building corporation payable from the revenues derived from the operation of facilities owned by the corporation shall have been paid in full, then such facilities shall become the property of the community or junior college on whose campus they are located and title to the facilities shall thereupon immediately vest in the community or junior college on whose campus they are located.
Disclaimer: These codes may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
