Mississippi § 31-23-57 - Ceiling for issuance of private activity bonds; records; public notice.
Full text of Mississippi Mississippi Code of 1972 Annotated § 31-23-57 — Ceiling for issuance of private activity bonds; records; public notice., with citation guidance and answers to common questions.
§ 31-23-57. Ceiling for issuance of private activity bonds; records; public notice.
The state’s ceiling for the issuance of private activity bonds is hereby established, and it shall be determined annually by the board in accordance with the federal legislation. The amount of the state’s ceiling available at any time shall be the amount determined by the board, which results from: (a) subtracting from the state’s ceiling the amount of bonds issued during the year of calculation pursuant to notices of allocation issued during the year of calculation and with respect to which confirmation of issuance has been received by the board on or before the applicable expiration date; and (b) subtracting from the state’s ceiling the amount of notices of allocation issued during the year of calculation and which are outstanding but with respect to which the expiration date has not occurred. The state’s ceiling shall be divided annually, for purposes of administering the system into two (2) parts: the threshold portion and the undesignated portion. The board shall keep records of the amount of the state’s ceiling available at any given time, including the amount of the threshold portion and the undesignated portion available for notices of allocation at any given time, and shall make available to the public, by periodic news releases and such other means as the board may determine to be appropriate, information with respect to the amount of the state’s ceiling, the threshold portion and the undesignated portion. All applications shall apply for, and all notices of allocation shall be given in integrals of One Thousand Dollars ($1,000.00).
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 31-23-57
What does Mississippi Code of 1972 Annotated § 31-23-57 cover?
Section 31-23-57 ("Ceiling for issuance of private activity bonds; records; public notice.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Mississippi § 31-23-57?
A common citation format is "Mississippi Code of 1972 Annotated § 31-23-57" (Mississippi). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 31-23-57 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Mississippi.