Mississippi § 37-59-24 - Instructions to deposit tax receipts directly with trustee or paying agent.
Full text of Mississippi Mississippi Code of 1972 Annotated § 37-59-24 — Instructions to deposit tax receipts directly with trustee or paying agent., with citation guidance and answers to common questions.
§ 37-59-24. Instructions to deposit tax receipts directly with trustee or paying agent.
Notwithstanding any other provision of law, any school district having outstanding school debt which is repaid at least in part from local ad valorem tax receipts may, for the remaining term of such debt, irrevocably instruct the appropriate local tax collector/assessor in writing to deposit a portion of the monthly ad valorem tax collections for district purposes directly with any state or federally chartered bank serving as trustee or paying agent on such district debt. The district’s instructions to the tax collector/assessor shall specify the amount of tax receipts to be so deposited with the trustee or paying agent and shall be binding on the district and local tax collector/assessor during the term of such debt.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 37-59-24
What does Mississippi Code of 1972 Annotated § 37-59-24 cover?
Section 37-59-24 ("Instructions to deposit tax receipts directly with trustee or paying agent.") 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 § 37-59-24?
A common citation format is "Mississippi Code of 1972 Annotated § 37-59-24" (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 § 37-59-24 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.