6 Miss. Code. R. 1-3.2
Current through September 24, 2024
Loan funds can be used to finance long-term fixed assets ("Fixed Assets") or refinance land, buildings and equipment, provided that the company can demonstrate that refinancing is necessary to maintain or expand the facility. This financing is for are assets which, through new technology, will improve productivity and competitiveness of the company. The benefits of such asset will have to be documented. Loan proceeds may not be used for working capital or rolling stock.
6 Miss. Code. R. 1-3.2