Unless otherwise provided by law, interim financing in anticipation of a confirmed grant or loan by the State of Mississippi or a county, municipality or political subdivision thereof and described in Sections 19-9-28 and 21-33-326, Mississippi Code of 1972, shall bear interest at a rate not to exceed nine percent (9%) per annum.
Structure Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 17 - Interest, Finance Charges, and Other Charges
Maximum Interest Rates on Public Borrowing
§ 75-17-101. Maximum interest rate on general obligation and limited obligation tax bonds
§ 75-17-103. Maximum interest rate on revenue bonds
§ 75-17-105. Maximum interest rate on tax anticipation notes
§ 75-17-107. Maximum interest rate on interim financing in anticipation of confirmed grant or loan