Mississippi § 47-5-561 - Authority of corporation to request appropriations from general fund; repayment of funds; funds to be maintained in interest-bearing accounts.
Full text of Mississippi Mississippi Code of 1972 Annotated § 47-5-561 — Authority of corporation to request appropriations from general fund; repayment of funds; funds to be maintained in interest-bearing accounts., with citation guidance and answers to common questions.
§ 47-5-561. Authority of corporation to request appropriations from general fund; repayment of funds; funds to be maintained in interest-bearing accounts.
In addition to its other powers, the corporation shall have the power to request, through the department, an appropriation of general revenue funds for the purposes of operation of, addition to or renovation of facilities or correctional work programs at the various correctional institutions; however, upon receipt of such appropriation, the rental paid by the corporation for the operation of or such new remodeled or renovated facilities or the operation of a correctional work program shall be sufficient to amortize its cost over a period of five (5) years. The corporation shall maintain those prison industries funds in excess of that amount necessary for sustaining quarterly or monthly operations of the corporation in an interest-bearing account best serving the proper management of corporation funds and earning the maximum amount of interest allowed by law. The corporation shall cause monies from the interest-bearing account to be deposited quarterly or monthly into the corporation’s checking account in order to pay the legal debts of the corporation, approved for payment by the corporation.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 47-5-561
What does Mississippi Code of 1972 Annotated § 47-5-561 cover?
Section 47-5-561 ("Authority of corporation to request appropriations from general fund; repayment of funds; funds to be maintained in interest-bearing accounts.") 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 § 47-5-561?
A common citation format is "Mississippi Code of 1972 Annotated § 47-5-561" (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 § 47-5-561 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.