51-11-77 - Bonds as legal and authorized investments of public funds.
§ 51-11-77. Bonds as legal and authorized investments of public funds.
All bonds of the district are declared to be legal and authorized investments for public funds of counties, cities, towns, school districts, banks, savings banks, trust companies, building and loan associations, savings and loan associations, insurance companies, and for funds of the Mississippi Public Employees' Retirement System. The bonds are eligible to secure the deposit of any and all public funds of cities, towns, villages, counties, school districts, or other political corporations or subdivisions of the State of Mississippi. The bonds are lawful and sufficient security for the deposits to the extent of their value, when accompanied by all unmatured coupons appurtenant thereto.
Sources: Laws, 1998, ch. 515, § 13, eff from and after July 1, 1998.