Mississippi § 19-31-27 - Creation and operation of district a public and governmental purpose; district exempt from state and local taxes.
Full text of Mississippi Mississippi Code of 1972 Annotated § 19-31-27 — Creation and operation of district a public and governmental purpose; district exempt from state and local taxes., with citation guidance and answers to common questions.
§ 19-31-27. Creation and operation of district a public and governmental purpose; district exempt from state and local taxes.
It is hereby determined that the creation of the district and the carrying out of its public functions and corporate purposes is, in all respects, a public and governmental purpose for the benefit of the people of the state and for the improvement of their health, safety, welfare, prosperity and security, that such functions and purposes are public purposes and that the district will be performing an essential governmental function in the exercise of the powers conferred upon it by this chapter. All obligations authorized to be issued by the district pursuant to the provisions of this chapter, together with interest thereof, income therefrom, and gain upon the sale thereof shall be exempt from all state and local taxes.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 19-31-27
What does Mississippi Code of 1972 Annotated § 19-31-27 cover?
Section 19-31-27 ("Creation and operation of district a public and governmental purpose; district exempt from state and local taxes.") 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 § 19-31-27?
A common citation format is "Mississippi Code of 1972 Annotated § 19-31-27" (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 § 19-31-27 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.