The indebtedness for a loan incurred hereunder shall bear interest at the rate of five percent (5%) per annum.
Structure Mississippi Code
Title 57 - Planning, Research and Development
Chapter 4 - Industrial Development Fund
§ 57-4-7. Contributions made as loans to be evidenced by negotiable promissory notes
§ 57-4-9. Interest rate on indebtedness for loan
§ 57-4-15. Proceeds of state contributions to be used only for matching federal funds
§ 57-4-19. Deposit of repayments
§ 57-4-21. Payment of expenditures for state contributions to be upon warrants drawn on fund