The Legislature finds and determines that there exists in the state a need to assist business in the state in obtaining financing for new business or in the expansion of existing business in order to promote and develop industrial development and to further the long-term economic development of the state through the improvement of its tax base and the promotion of employment. The Legislature finds and determines that it is necessary to provide financial assistance to business in the state by providing loans, guarantees, insurance and other assistance to business, thereby encouraging the investment of private capital in business in the state. To assist in such matters is essential to the industrial development of the state. In making these determinations, the Legislature has considered and affirmatively expresses its policy to assist businesses, acknowledging that this determination has and will affect competition.
It is hereby further declared that all of the foregoing are public purposes and will serve a public purpose in that they will promote industry, develop trade and increase employment opportunities for the benefit of the inhabitants of the state, either through the increase of commerce or through the promotion of safety, health, welfare, convenience or prosperity; and that the necessity of enacting the provisions herein set forth is in the public interest and is hereby so declared as a matter of express legislative determination.
Structure Mississippi Code
Title 57 - Planning, Research and Development
Chapter 10 - Small Business Assistance
Article 7 - Mississippi Small Business Financing Act
§ 57-10-203. Legislative findings and declarations
§ 57-10-207. General powers of board of directors
§ 57-10-209. Issuance and refunding of bonds; methods for financing projects
§ 57-10-211. Participation with lenders in making or purchasing loans
§ 57-10-213. Issuance of bonds to finance projects of eligible businesses
§ 57-10-215. Insurance or guaranty fund
§ 57-10-217. Security for bonds or instruments
§ 57-10-219. Premiums and fees for financial assistance
§ 57-10-221. Applicability of debt limitation or restriction
§ 57-10-223. Procedure for public hearings and approval
§ 57-10-227. Investment in, purchase and assignment of loans made by lenders
§ 57-10-229. Promulgation of regulations relating to §§ 57-10-225 and 57-10-227
§ 57-10-231. Payment of bonds; additional security
§ 57-10-237. Miscellaneous provisions of resolution authorizing issuance of bonds
§ 57-10-239. Effect of pledge; recording of resolution or other instruments
§ 57-10-241. Cancellation and redemption of bonds
§ 57-10-245. Signatures on bonds
§ 57-10-247. Establishment of funds and accounts
§ 57-10-249. Contracts with bondholders
§ 57-10-251. Effect of future amendments to article
§ 57-10-257. Investment in bonds; bonds as security for deposits