SEC. 75-17-107. Maximum interest rate on interim financing in anticipation of confirmed grant or loan.
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.
SOURCES: Laws, 1983, ch. 541, Sec. 4; 1984, ch. 506, Sec. 15, eff from and after passage (approved May 15, 1984).