As Amended
SEC. 73-35-103. Definitions.
As used in Sections 73-35-101 through 73-35-105, the following terms shall have the meanings ascribed herein unless the context clearly indicates otherwise:
(a) "Real estate broker" or "broker" means an individual, partnership or corporation licensed pursuant to Section 73-35-1 et seq., and as defined under Section 73-35-3(1).
(b) "IREBEA" means the program created and governed by Sections 73-35-101 through 73-35-105.
(c) "Interest earnings" means the total interest earnings generated by the IREBEA at each individual financial institution.
(d) "Mississippi Housing Opportunity Foundation" means the 501(c)(3) organization created by the Mississippi Association of Realtors and Mississippi Bankers Association for the purpose of increasing the supply of affordable housing in Mississippi and encouraging homeownership among low and middle income wage earners with funds generated via the IREBEA program.
SOURCES: Laws, 1993, ch. 408, Sec. 2; Laws, 2004, ch. 412, § 5, HB 1597, eff from and after July 1, 2004.
PREVIOUS VERSIONS: Pre-2004