12 Miss. Code. R. 7-1.3 - Debt Issuance Authority and Limitations
The State Bond Commission is established under the statutory authority of Section 31-17-1, Mississippi Code of 1972. The State of Mississippi issues its general obligation debt only upon authorization granted by the Mississippi Legislature through the passage of legislation. The authority for the Bond Commission to issue variable rate debt is found in Sections 31-18-3 and 31-18-5. The Bond Commission is further authorized by Section 31-17-153 to make temporary borrowings in anticipation of the issuance of state-supported debt.
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