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2018 Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 17 - Interest, Finance Charges, and Other Charges
Maximum Interest Rates on Public Borrowing
§ 75-17-107. Maximum interest rate on interim financing in anticipation of confirmed grant or loan.
Universal Citation: MS Code § 75-17-107 (2018)
Unless otherwise provided by law, interim financing in anticipation of a confirmed grant or loan by the State of Mississippi or a county, municipality or political subdivision thereof and described in Sections 19-9-28 and 21-33-326, Mississippi Code of 1972, shall bear interest at a rate not to exceed nine percent (9%) per annum.
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