The cost of administering this chapter shall not exceed in any one (1) fiscal year two percent (2%) of mortgage loans in force. Administrative expenses shall include all costs for: personnel, travel, subsistence, contractual services, commodities and equipment utilized in operating the offices and facilities of the board and shall not include expenditures reimbursed to the board by applicants, veterans/owners, insurance companies and funds passing through escrow, regardless of the budget and accounting codes utilized. The amount of contracts in force for the purpose of this section shall be considered the amount in force at the end of the fiscal year in which the expenditures for administration are incurred.
Structure Mississippi Code
Title 35 - War Veterans and Pensions
Chapter 7 - Veterans' Home Purchase Law
§ 35-7-3. Declaration of public policy
§ 35-7-9. Limitation on costs of administration of chapter
§ 35-7-13. Duty of public officials to cooperate with board
§ 35-7-19. Acquisition by board of leasehold interests in certain lands for resale to veterans
§ 35-7-27. Details of contract between board and purchaser
§ 35-7-33. Satisfaction of taxes, assessments, etc.; improvements
§ 35-7-35. Cancellation; foreclosure
§ 35-7-37. Care of property reverting to board
§ 35-7-39. Second purchases of property for veteran
§ 35-7-41. Rights of surviving spouse
§ 35-7-43. Removal of disability of minority
§ 35-7-45. Funds; sale of mortgages; issuance of notes
§ 35-7-47. Special consideration in event of hardship
§ 35-7-49. Confidentiality of information obtained in loan processing