As Amended
SEC. 57-71-5. Definitions.
The following words and phrases when used in this act shall have the meaning given to them in this section unless the context clearly indicates otherwise:
(a) "CDC" or "company" means the Certified Development Company of Mississippi, Inc.
(b) "Private company" means any agricultural, aquacultural, horticultural, industrial, manufacturing or research and development enterprise or enterprises, or the lessor thereof.
(c) "Qualified financial institution" means any commercial bank or savings and loan institution approved by the Certified Development Company of Mississippi, Inc., to provide letters of credit under this act.
(d) "Letter of credit" means a letter of credit obligation from a qualified financial institution approved by the Certified Development Company.
(e) "Planning and development districts" means the organized planning and development districts in Mississippi.
(f) "Director" means the Executive Director of the Certified Development Company of Mississippi, Inc.
(g) "Seller" means the State Bond Commission.
SOURCES: Laws, 1988, ch. 580, Sec. 3; 1992, ch. 548 Sec. 7, eff from and after passage (approved May 14, 1992).