6 Miss. Code. R. 1-22.1
The Mississippi Industry Incentive Financing Revolving Fund ("Industry Incentive Program") is administered by the Mississippi Development Authority ("MDA") and is designed to make grants or loans to local governments including, but not limited to, counties, municipalities, industrial development authorities and economic development districts, and approved business enterprises to construct or otherwise provide facilities related to a specific Project. Local governments are authorized to accept grants and enter into loans authorized under the program, and to sell, lease or otherwise dispose of a Project or any property related to the Project in whole or in part. The terms of a grant or loan and the manner of repayment of any loan shall be within the discretion of the MDA.
6 Miss. Code. R. 1-22.1