in Mississippi

Purchase of Certain Motor Vehicles ....................................................................121
Preference to Resident Contractors ......................................................................121
Fuel Management System Bidding Procedure .....................................................121
Minority Set-Aside ...............................................................................................122
Construction Contracts .........................................................................................122
Change Orders to Construction Contracts ...........................................................123
Rebates, Refunds, Gratuities, Etc. from Vendors ................................................123
Penalties for Violation of Public Purchasing Laws .........................................................123
Criminal ...............................................................................................................123
Civil .....................................................................................................................124
Chapter 10: Borrowing and Debt Administration ........................................................................126
Nature of County Bonds ..................................................................................................126
Authority to Borrow and Home Rule ...............................................................................126
Types of County Bonds and Debt ....................................................................................127
General Obligation Bonds ....................................................................................127
Revenue Bonds ....................................................................................................128
Industrial Development Revenue Bonds (IDRBs) ...............................................128
Economic Development Bonds with State Involvement .....................................128
Regional Economic Development Act Bonds .....................................................129
Mississippi Major Economic Impact Act ............................................................130
Mississippi Development Bank Bonds ................................................................130
Pollution Control Industrial Development Revenue Bonds .................................130
Urban Renewal Bonds .........................................................................................130
Solid/Hazardous Waste Disposal Bonds ..............................................................131
Harbor and Port Improvement Bonds ..................................................................131
Refunding Bonds .................................................................................................131
Tax Increment Finance Bonds .............................................................................131
USDA Utilities and Community Facilities Loans ...............................................132
Short-Term Debt ..............................................................................................................132
Borrowing in Anticipation of Taxes ....................................................................132
Borrowing in Anticipation of Confirmed Federal or State
Grants or Loans .................................................................................................133
Borrowing to Meet Emergencies .........................................................................134
Shortfall Notes .....................................................................................................134
Short-Term Financing Procedure .........................................................................134
Lease Financing ...............................................................................................................135
Bank Loans ......................................................................................................................136
Local and Private Legislation ..........................................................................................136
Tax Considerations and Overview ...................................................................................136
Federal Tax Law ..................................................................................................136
State Tax Law Exemption ....................................................................................137
Bank Eligible Bonds ........................................................................................................137
Securities Overview – Disclosure and Continuing Disclosure ........................................137
Public Sale Requirements ................................................................................................138
Voting Rights Preclearance ..............................................................................................138