Mississippi § 17-17-129 - Use of bond proceeds; cost of project.
Full text of Mississippi Mississippi Code of 1972 Annotated § 17-17-129 — Use of bond proceeds; cost of project., with citation guidance and answers to common questions.
§ 17-17-129. Use of bond proceeds; cost of project.
The proceeds from the sale of any bonds issued under authority of Sections 17-17-101 through 17-17-135 shall be applied only for the purpose for which the bonds were issued; provided, however, that any premium and accrued interest received in any such sale shall be applied to the payment of the principal of or the interest on the bonds sold; and provided further, that if for any reason any portion of the proceeds shall not be needed for the purpose of which the bonds were issued, such unneeded portion of the proceeds shall be applied to the payment of the principal of or interest on the bonds. The cost of acquiring any project shall be deemed to include the following: The actual cost of the construction of any part of any project which may be constructed, including architect’s, engineer’s and legal fees; The purchase price of any land necessary therefor; The purchase price of any part of any project that may be acquired by purchase; All expenses in connection with the authorization, sale and issuance of the bonds to finance such acquisition; and The interest on the bonds for a reasonable time prior to construction, during construction, and for not exceeding one (1) year after completion of the construction.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 17-17-129
What does Mississippi Code of 1972 Annotated § 17-17-129 cover?
Section 17-17-129 ("Use of bond proceeds; cost of project.") 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 § 17-17-129?
A common citation format is "Mississippi Code of 1972 Annotated § 17-17-129" (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 § 17-17-129 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.