Mississippi Small Enterprise Development Finance Act

Sections covered

• Miss. Code Ann. § 57-71-1Short title
• Miss. Code Ann. § 57-71-11Terms and conditions of loans
• Miss. Code Ann. § 57-71-13Lending guidelines, rules and regulations; identifying eligible projects; requirement of job creation; purchases exempt from taxation1 cite
• Miss. Code Ann. § 57-71-15Authorization to hire attorneys, accountants, and others to review and close loans
• Miss. Code Ann. § 57-71-17Default on loan; penalty
• Miss. Code Ann. § 57-71-19Certification of nondiscrimination as condition of loan
• Miss. Code Ann. § 57-71-21Mississippi Small Enterprise Development Finance Fund; Mississippi Small Enterprise Development Finance Sinking Fund
• Miss. Code Ann. § 57-71-23Redemption of and payment of interest on bonds; cancellation of bonds; report to state on amount of annual payments due on bonds; rate of interest on loans
• Miss. Code Ann. § 57-71-25Authorization for seller to borrow funds to carry out purposes of act; issuance of bonds
• Miss. Code Ann. § 57-71-27Bond offerings; temporary bonds; deposit of proceeds of sale; registration of bonds; cost and expenses of bond offerings
• Miss. Code Ann. § 57-71-29Temporary borrowings in anticipation of bond offering; replacement notes
• Miss. Code Ann. § 57-71-3Purpose
• Miss. Code Ann. § 57-71-31Disposition of proceeds realized from sale of bonds and notes
• Miss. Code Ann. § 57-71-33State Attorney General to represent seller in issuing, selling and validating bonds or notes; seller authorized to use proceeds to pay administrative, legal and other expenses
• Miss. Code Ann. § 57-71-35Term “this act” defined
• Miss. Code Ann. § 57-71-5Definitions1 cite
• Miss. Code Ann. § 57-71-7Small enterprise development finance program
• Miss. Code Ann. § 57-71-9Application for loan