Miss. Code Ann. § 17-17-125

Miss. Code Ann. § 17-17-125

Year: 2026Length: 139 wordsSubsections: 5
Every agreement under either subsection (d) or (e) of Section 17-17-105 shall contain a covenant obligating the industry to effect the completion of the project if the proceeds of the bonds, including parity completion bonds, if any, prove insufficient, and each such lease/sale shall obligate the industry to make payments which shall be sufficient to: (a) Pay the principal of and interest on the bonds issued for the project; (b) Build and maintain any reserves deemed by the governing board to be advisable in connection therewith; (c) Pay the costs of maintaining the project in good repair and the cost of keeping it properly insured; (d) Provide proper, sufficient and adequate insurance to cover potential liability that could arise from project operation; and (e) Provide detailed plans to guarantee an environmentally sound operation and post-closure management of a project.
Miss. Code Ann. § 17-17-125: Miss. Code Ann. § 17-17-125 | Justis AI