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Section 75-17-107 - Maximum interest rate on interim financing in anticipation of confirmed grant or loan — Mississippi Law | CourtGPT
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  7. Section 75-17-107 - Maximum interest rate on interim financing in anticipation of confirmed grant or loan
Mississippi Legal Code

Section 75-17-107 - Maximum interest rate on interim financing in anticipation of confirmed grant or loan

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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.