There is a newer version of the Mississippi Code
2016 Mississippi Code
Title 29 - Public Lands, Buildings and Property
Chapter 1 - Public Lands
In General (§§ 29-1-1 - 29-1-149)
§ 29-1-141. Interest on unpaid sums
MS Code § 29-1-141 (2016) What's This?
All due but unpaid and delinquent sums shall bear interest at the rate of one half of one percent (1/2 of 1%) a month from the month in which due until paid, and a fractional month shall be considered a month. Any amount not reported and paid when due shall be increased by a penalty of ten percent (10%) and interest on the principal, as in other cases of nonpayment.
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