Mississippi § 77-6-23 - Excess capacity or output may be sold or exchanged.
Full text of Mississippi Mississippi Code of 1972 Annotated § 77-6-23 — Excess capacity or output may be sold or exchanged., with citation guidance and answers to common questions.
§ 77-6-23. Excess capacity or output may be sold or exchanged.
The authority may sell or exchange the excess capacity or output of a project not then required by any of its members or with any party with whom the authority may contract for such consideration and for such period and upon such other terms and conditions as may be determined by the parties to any municipality or with any party with whom the authority may contract in this state or any other state owning gas distribution facilities, to any municipalities, agencies or instrumentalities of any other state, to any gas association, to any end-user, to any public or private utility, or to any other state, federal or municipal agency which owns gas production, transmission or distribution facilities either within or without this state. Provided, however, that sales of excess capacity or output of a project to gas associations, public or private utilities, and other persons the interest on whose securities and other obligations are not exempt from taxation by the federal government shall not be made in such amounts, for such periods of time, and under such terms and conditions as will cause the interest on bonds issued to finance the cost of a project to become taxable by the federal government.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 77-6-23
What does Mississippi Code of 1972 Annotated § 77-6-23 cover?
Section 77-6-23 ("Excess capacity or output may be sold or exchanged.") 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 § 77-6-23?
A common citation format is "Mississippi Code of 1972 Annotated § 77-6-23" (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 § 77-6-23 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.