Mississippi Code
Article 11 - Mississippi Home Corporation Act
§ 43-33-721. Adoption of rules, regulations, resolutions and bylaws by corporation

The corporation shall adopt, and may from time to time modify or repeal, rules, regulations, resolutions and bylaws on issues including, but not limited to the following:
Income levels for the classification of persons of low or moderate income in accordance with the factors set forth in the definition of persons of low or moderate income in Section 43-33-703; however, any such rules shall set as a priority the needs of very low and low income persons;
The making of loans and the purchase of mortgage loans, to implement the powers authorized and to achieve the purposes set forth in this article;
Setting schedules of any fees and charges to be imposed by the corporation;
Where intended, assuring that the interest on its bonds or notes qualifies for tax exemption under applicable federal laws; and
Any other matters related to the duties and the exercise of the powers of the corporation.

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