The earned interest paid into the post-secondary education assistance fund as provided in Section 37-106-13 shall be utilized to finance the cost of administration of this chapter. All remaining interest after payment of such administrative expenses shall be utilized to provide additional loans.
Miss. Code Ann. § 37-106-15
Administration of chapter
Known as the Post-Secondary Education Financial Assistance Law
The act spans §§ 37-106-1–37-106-9 (41 sections).
Laws, 1975, ch. 507, § 6(2); Laws, 1976, ch. 346, eff from and after passage (approved April 14, 1976
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.