The company may make, and undertake commitments to make, loans to lenders under terms and conditions requiring the proceeds thereof to be used by such lenders to make loans to eligible businesses. Loan commitments or actual loans may be originated through and serviced by any such lender. As a condition to a lender's participating in such loan, such lender shall agree to use the proceeds of such loan within a reasonable period of time to make loans or purchase loans to provide eligible businesses, or finance the projects of eligible businesses, in the state or, if such lender has made a commitment to make loans to provide eligible businesses on the basis of a commitment from the company to purchase such loans, such lender will make such loans within a reasonable period of time.
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