As Amended
SEC. 57-10-407. Power of corporation to accept and expend monies.
The corporation may accept and expend: (a) monies which may be appropriated from time to time by the Legislature; (b) monies which may be available under the Mississippi Small Enterprise Development Finance Act; or (c) monies which may be received from any source, including income from the corporation's operations, under Sections 57-10-401 through 57-10-445, for effectuating the purposes of Sections 57-10-401 through 57-10-445, including, without limitation, the payment of the expenses of administration and operation incurred pursuant to Sections 57-10-401 through 57-10-445 and the establishment and, if deemed desirable, maintenance of a reserve or contingency fund for the administration of Sections 57-10-401 through 57-10-445.
SOURCES: Laws, 1993, ch. 565, Sec. 4, eff from and after July 1, 1993. 1997 Laws, Chapter 576, Sec. 4, HB899, Effective July 1, 1997. Reenacted by Laws 2000, Ch. 425, Sec. 4, HB546, eff. July 1, 2000.
PREVIOUS VERSIONS: Pre-2000