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Mississippi Code
Mississippi Code 1972 (2024)
Title 75 - REGULATION OF TRADE, COMMERCE AND INVESTMENTS (§§ 75-1-101 — 75-99-7)
Chapter 17 - INTEREST, FINANCE CHARGES, AND OTHER CHARGES (§§ 75-17-1 — 75-17-107)
MAXIMUM INTEREST RATES ON PUBLIC BORROWING (§§ 75-17-101 — 75-17-107)
Section 75-17-107 - Maximum interest rate on interim financing in anticipation of confirmed grant or loan
Universal Citation:
MS Code § 75-17-107 (2024)
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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.
Laws, 1983, ch. 541, § 4; Laws, 1984, ch. 506, § 15, eff. 5/15/1984.
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