Mississippi § 51-33-17 - Borrowing funds from government agencies.
Full text of Mississippi Mississippi Code of 1972 Annotated § 51-33-17 — Borrowing funds from government agencies., with citation guidance and answers to common questions.
§ 51-33-17. Borrowing funds from government agencies.
Drainage districts existing or hereafter created under the laws of the State of Mississippi and having secured the powers conferred by Sections 51-33-1 through 51-33-9, may borrow funds for any purpose authorized by law from state agencies, political subdivisions of the state, other organizations created under state laws, the government of the United States, and agencies thereof, at an interest rate not to exceed five per cent (5%) per annum. The terms of all such loans are to be approved by the chancery court or the chancellor in vacation. Such loans shall be evidenced by the promissory note of said district and shall be executed in the name of the district by its commissioners. As security therefor said commissioners may pledge and assign the entire revenues of said district, not to exceed the amount of benefits or assessments approved and confirmed against the property of said district.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 51-33-17
What does Mississippi Code of 1972 Annotated § 51-33-17 cover?
Section 51-33-17 ("Borrowing funds from government agencies.") 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 § 51-33-17?
A common citation format is "Mississippi Code of 1972 Annotated § 51-33-17" (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 § 51-33-17 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.