Acceptance of grants, loans, etc., by board.

Miss. Code Ann. § 55-25-11
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
The board of directors of a district is hereby authorized and empowered to accept grants, loans, gifts, bequests or funding from any source, public or private, that the granting agency has authority to provide; but in no circumstances shall the acceptance of any such funding obligate any district to repay a sum in excess of the avails of the tax levies authorized by this chapter.

Starting a business in Mississippi? Mississippi LLC guide: costs and requirements