Mississippi § 29-3-109 - Crediting of funds derived from lands.
Full text of Mississippi Mississippi Code of 1972 Annotated § 29-3-109 — Crediting of funds derived from lands., with citation guidance and answers to common questions.
§ 29-3-109. Crediting of funds derived from lands.
All expendable funds derived from sixteenth section or lieu lands shall be credited to the school districts of the township in which such sixteenth section lands may be located, or to which any sixteenth section lieu lands may belong. Such funds shall not be expended except for the purpose of education of the educable children of the school district to which they belong, or as otherwise may be provided by law. The board of education shall require additional securities from the county depository when necessary to protect such funds and, in the event of their failure so to do, they shall be liable therefor upon their official bond.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 29-3-109
What does Mississippi Code of 1972 Annotated § 29-3-109 cover?
Section 29-3-109 ("Crediting of funds derived from lands.") 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 § 29-3-109?
A common citation format is "Mississippi Code of 1972 Annotated § 29-3-109" (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 § 29-3-109 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.