Miss. Code § 75-17-107

Current through the 2024 Regular Session
Section 75-17-107 - Maximum interest rate on interim financing in anticipation of confirmed grant or loan

Unless otherwise provided by law, interim financing in anticipation of a confirmed grant or loan by the State of Mississippi or a county, municipality or political subdivision thereof and described in Sections 19-9-28 and 21-33-326, Mississippi Code of 1972, shall bear interest at a rate not to exceed nine percent (9%) per annum.

Miss. Code § 75-17-107

Laws, 1983, ch. 541, § 4; Laws, 1984, ch. 506, § 15, eff. 5/15/1984.