2015 Mississippi Code
Title 57 - PLANNING, RESEARCH AND DEVELOPMENT
Chapter 10 - SMALL BUSINESS ASSISTANCE
Article 7 - MISSISSIPPI SMALL BUSINESS FINANCING ACT
§ 57-10-215 - Insurance or guaranty fund
There is hereby created an insurance or guaranty fund of the company which may be used for any of the following purposes:
(a) To insure the payment or repayment of all or any part of the principal of, redemption or prepayment premiums or penalties on, and interest on its bonds;
(b) To insure the payment or repayment of all or any part of the principal of, redemption or prepayment premiums or penalties on, and interest on any instrument executed, obtained or delivered in connection with the issuance and sale of its bonds; and
(c) To pay or insure the payment of any fees or premiums necessary to obtain insurance, guarantees or other instruments or enhancement of credit for or support from any person in connection with financing assistance provided by the company under this article including but not limited to working capital loans made by a lender.
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