Mississippi Code

Miss. Code Ann. § 37-59-101 (2026)

Purposes for which money may be borrowed

✓ current as of July 2026

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The school board of any school district in the county is authorized and empowered, in its discretion, to borrow money under the terms and conditions specified in this article for the purpose of making repairs, alterations and additions to school buildings of such school districts, for the purpose of erecting school buildings and other buildings used for school purposes, for the purpose of purchasing heating plants, air conditioning, fixtures and equipment for such buildings, for the purpose of purchasing land for school purposes, school buses and transportation equipment, and for the purpose of improving and equipping such lands for school recreational and athletic purposes.

Codes, 1942, § 6533-01; Laws, 1953, Ex Sess, ch. 30, § 1; Laws, 1956, ch. 275; Laws, 1968, ch. 409, § 1; Laws, 1986, ch. 492, § 183; brought forward, Laws, 1987, ch. 307, § 39; Laws, 1991, ch. 534, § 14, eff. 4/11/1991.

Notes of Decisions

Cited in 2 cases (1 in the last 5 years), 1994–2024 · leading case: Hill v. Greene Cnty. Sch. Dist., 848 F. Supp. 697 (S.D. Miss. 1994).

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Hill v. Greene Cnty. Sch. Dist., 848 F. Supp. 697 (S.D. Miss. 1994). · cites it 2× “In order to raise cash for regular operating expenses, defendants note that the School District borrowed money in mid-1989 pursuant to Miss.Code Ann. §§ 37-59-101 to 111. 8 Defendants say this money is to be repaid over three years by an assessment of one mill per year.”

In Re Validation of up to $27,600,000 Trust Certificates Evidencing Proportional Interests in a Lease by The Simpson Cnty. Sch. Dist.: Thomas Floyd, Ray Floyd, Lee McCoy, & Jason McCoy v. Simpson Cnty. Sch. Bd. (Miss. 2024). “See Miss. Code Ann. § 37-59-1 to -45 (Rev. 2023); Miss.”

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