The small businessman’s loan fund and at least three-fourths (3/4) of the guaranty fee fund shall be invested in interest-bearing notes or savings accounts for the highest possible yield as determined by the committee. However, not more than ten percent (10%) of the combined total of the two (2) funds shall be invested in interest-bearing notes or savings accounts of the banks from which the two (2) executive bank officers are chosen to be members of the small businessman’s loan committee according to Section 57-10-107.
Miss. Code Ann. § 57-10-131
Investment of moneys in state funds
Codes, 1942, § 8940-146; Laws, 1972, ch. 441, § 16, eff from and after July 1, 1972.
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.