75-17-107 - Maximum interest rate on interim financing in anticipation of confirmed grant or loan. - Mississippi Statutes

§ 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. 
 

Sources: Laws,  1983, ch. 541, § 4; Laws, 1984, ch. 506, § 15, eff from and after passage (approved May 15, 1984).