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Article 1 - Mississippi Business Finance Corporation
§ 57-10-1. Declaration of public policy and legislative intent - It is hereby declared to be the public policy of...
§ 57-10-3. Administration - The Certified Development Company of Mississippi, Inc., created pursuant to...
§ 57-10-9. General purposes of corporation - This corporation is organized, and it shall be operated primarily...
§ 57-10-17. General powers and duties of board of directors - The board of directors of the corporation is hereby authorized,...
§ 57-10-19. Purchase of debentures and common stock of small business investment companies - In addition to the other powers and authority prescribed by...
§ 57-10-21. Conditions of loans to small business investment companies - Any loans by the corporation to a small business investment...
§ 57-10-23. Annual fee of small business investment companies - Any small business investment company or minority enterprise small business...
§ 57-10-25. Funding of corporation; investments of corporation - It is the further intention of this article that the...
§ 57-10-29. Disposition of funds received by corporation; annual audit - All funds received by the corporation from any source whatsoever...
§ 57-10-31. Liabilities of officers, directors, agents, and employees of corporation - No officer or director of this corporation shall ever be...
§ 57-10-35. Cooperation of state agencies and educational institutions - All state agencies shall cooperate with the corporation, and all...
§ 57-10-39. Annual report - An annual report concerning the operation of this article shall...
§ 57-10-41. Dissolution and liquidation - In the event of dissolution and liquidation of the corporation,...
Article 3 - Small Businessman's Loan Assistance Law of 1972
§ 57-10-101. Short title - This article shall be called the "Small Businessman's Loan Assistance...
§ 57-10-103. Declaration of intent; construction - The increasing need for commercial financing at reasonable rates for...
§ 57-10-105. Definitions - Whenever the following terms or similar terms are used herein...
§ 57-10-109. Manager - The manager shall be required to have a surety bond...
§ 57-10-111. General powers and duties of committee - The committee is authorized and empowered to prepare and promulgate...
§ 57-10-113. Eligibility for loan guaranty - A borrower may apply to the committee for a loan...
§ 57-10-117. Supplementary security requirement for corporate borrower - If there is a corporate borrower, the committee shall require...
§ 57-10-119. Advancement of loan in installments - If the loan is approved and the lender so desires,...
§ 57-10-121. Proceedings by lender upon default on loan; assignment of unsatisfied judgment to state - If the borrower defaults in the payment of any loan...
§ 57-10-123. Filing of claim for payment of loan from state funds - If the requirements appearing heretofore in Section 57-10-121 have been...
§ 57-10-127. Distribution of collections by state - Methods of distribution of all of the collections made by...
§ 57-10-129. Extent of liability of state funds - The extent of the liability of either the guaranty fee...
§ 57-10-131. Investment of moneys in state funds - The small businessman's loan fund and at least three-fourths (3/4)...
§ 57-10-133. Acceptance of federal and private grant funds - The committee is hereby authorized and empowered to accept federal...
§ 57-10-135. Liability of state and subdivisions for obligations and guarantees assumed by state funds - Obligations and guarantees assumed by the small businessman's loan fund...
§ 57-10-137. Transfer of moneys to general fund upon termination of program - If the program provided by this article is terminated or...
Article 5 - Comprehensive Small Business Act of 1983
§ 57-10-151. Short title - This article shall be known and may be cited as...
§ 57-10-153. Legislative intent - In order to stimulate the expansion of existing small businesses...
§ 57-10-155. Definitions - Whenever the following terms are used herein they shall have...
§ 57-10-157. Composition of Small Business Consortium - Member agencies and institutions which are included in the Small...
§ 57-10-159. Small Business Consortium Board created; composition; compensation and expenses of members; meetings - There is hereby created the Small Business Consortium Board which...
§ 57-10-161. General duties and responsibilities of consortium board; review of certain assistance proposals - The duties and responsibilities of the consortium board shall be...
§ 57-10-165. Small Business Clearinghouse - There is hereby created a unit within the consortium to...
§ 57-10-167. Establishment of Certified Development Company of Mississippi, Inc.; appointment, terms of office and compensation of members; executive director; officers and board of directors; redesignation as Mississippi Business Finance Corporation - There is hereby established the Certified Development Company of Mississippi,...
§ 57-10-169. Abolition of Mississippi Economic Development Corporation and small businessman's loan committee; transfer of powers, duties and authority - From and after July 1, 1983, the Mississippi Economic Development...
Article 7 - Mississippi Small Business Financing Act
§ 57-10-201. Short title - This article shall be known and may be cited as...
§ 57-10-203. Legislative findings and declarations - The Legislature finds and determines that there exists in the...
§ 57-10-205. Definitions - As used in this article, unless the context otherwise requires:...
§ 57-10-207. General powers of board of directors - In addition to those powers granted elsewhere by law, the...
§ 57-10-209. Issuance and refunding of bonds; methods for financing projects - Upon receipt of a certificate of public convenience and necessity...
§ 57-10-211. Participation with lenders in making or purchasing loans - In addition to and not as a limitation upon the...
§ 57-10-213. Issuance of bonds to finance projects of eligible businesses - In addition to, and not as a limitation upon, the...
§ 57-10-215. Insurance or guaranty fund - There is hereby created an insurance or guaranty fund of...
§ 57-10-217. Security for bonds or instruments - The bonds or instruments with respect to which financial assistance...
§ 57-10-219. Premiums and fees for financial assistance - The company may, in its discretion, set the premiums and...
§ 57-10-221. Applicability of debt limitation or restriction - Bonds issued pursuant to the provisions of this article shall...
§ 57-10-223. Procedure for public hearings and approval - Whenever federal law requires public hearings and public approval as...
§ 57-10-225. Loans to lenders - The company may make, and undertake commitments to make, loans...
§ 57-10-227. Investment in, purchase and assignment of loans made by lenders - The company may invest in, purchase or make commitments to...
§ 57-10-229. Promulgation of regulations relating to §§ 57-10-225 and 57-10-227 - Prior to carrying out the powers granted under Sections 57-10-225...
§ 57-10-231. Payment of bonds; additional security - Except as may otherwise be expressly provided by the company...
§ 57-10-233. Liability of state or subdivisions on bonds; personal liability of directors; statement required on face of bond - No bonds issued by the company under this article shall...
§ 57-10-237. Miscellaneous provisions of resolution authorizing issuance of bonds - Any resolution authorizing the issuance of bonds may contain provisions...
§ 57-10-239. Effect of pledge; recording of resolution or other instruments - Any pledge made by the company shall be valid and...
§ 57-10-241. Cancellation and redemption of bonds - The company, subject to the provisions in proceedings relating to...
§ 57-10-243. Trust indenture - The bonds may be secured by an indenture by and...
§ 57-10-245. Signatures on bonds - In the event that any of the members or officers...
§ 57-10-247. Establishment of funds and accounts - The company may create and establish such funds and accounts...
§ 57-10-249. Contracts with bondholders - The company shall have the power to contract with the...
§ 57-10-251. Effect of future amendments to article - Subsequent amendments to this article shall not limit the rights...
§ 57-10-253. Expenses - All expenses incurred by the company in carrying out the...
§ 57-10-257. Investment in bonds; bonds as security for deposits - The bonds issued by and under the authority of this...
§ 57-10-259. Annual report - The company shall, within one hundred twenty (120) days of...
§ 57-10-261. Construction of article - Nothing contained in this article is to be construed as...
Article 9 - Mississippi Business Finance Corporation Beginning Farmer Program
§ 57-10-301. Short title - This article shall be entitled the "Mississippi Business Finance Corporation...
§ 57-10-303. Definitions - For the purposes of this article, the following words shall...
§ 57-10-305. Legislative findings and determinations - The Legislature finds and determines as follows: There exists a...
Article 11 - Bonds to Finance Economic Development Projects
§ 57-10-401. Definitions - [In cases involving an economic development project for which the...
§ 57-10-405. General powers and duties of corporation - In addition to its other powers and duties, the corporation...
§ 57-10-407. Power of corporation to accept and expend monies - The corporation may accept and expend: (a) monies which may...
§ 57-10-409. Financing agreements - [In cases involving an economic development project for which the...
§ 57-10-411. Certification of company's state income tax liability and amount of tax credits - Ninety (90) days after the filing of the tax return...
§ 57-10-413. Job development assessment fee - [In cases involving an economic development project for which the...
§ 57-10-415. Payment of revenue bonds; security - Every issue of bonds under Sections 57-10-401 through 57-10-445 shall...
§ 57-10-417. Bonds as limited obligation of corporation; personal liability of member or officer of corporate board - The bonds issued by the corporation under Sections 57-10-401 through...
§ 57-10-421. Additional provisions in bond issue resolution - In addition to the requirements provided for in Section 57-10-419,...
§ 57-10-423. Pledge made by corporation; recording of resolution or other instrument - Any pledge made by the corporation shall be valid and...
§ 57-10-425. Purchase of bonds by corporation - The corporation, subject to the provisions in proceedings relating to...
§ 57-10-427. Trust indentures - The bonds may be secured by an indenture by and...
§ 57-10-429. Signatures on bonds - In the event that any of the members or officers...
§ 57-10-431. Establishment of funds and accounts - The corporation may create and establish such funds and accounts...
§ 57-10-433. Contracts with bondholders; securing of moneys held for payment of bonds - The corporation shall have the power to contract with the...
§ 57-10-435. Effect of amendments to Sections 57-10-401 through 57-10-445 enacted after July 1, 1993 - Amendments to Sections 57-10-401 through 57-10-445, enacted after July 1,...
§ 57-10-437. Payment of expenses of corporation; limitation on liability - All expenses incurred by the corporation in carrying out the...
§ 57-10-441. Investment in bonds; bonds as security for deposits - The bonds issued by and under the authority of Sections...
§ 57-10-443. Annual report of corporation - The corporation, within one hundred twenty (120) days of the...
§ 57-10-445. Construction of Sections 57-10-401 through 57-10-445 - Nothing contained in Sections 57-10-401 through 57-10-445 is to be...
§ 57-10-447. Deriving of pecuniary benefit or income by public official, member of Legislature, or partner or associate or family member of legislator - No elected or appointed official shall derive any pecuniary benefit,...
§ 57-10-449. Repeal of Sections 57-10-401 through 57-10-445 and 27-7-22.3 - Sections 57-10-401 through 57-10-445 and 27-7-22.3 shall be repealed from...
Article 13 - Mississippi Small Business Assistance Act
§ 57-10-501. Short title - This article shall be known and may be cited as...
§ 57-10-503. Purpose - It is the purpose of this article to promote economic...
§ 57-10-505. Definitions - The following words and phrases when used in this article...
§ 57-10-507. Mississippi Small Business Assistance Program established; purpose - There is hereby established, under the direction of DECD, a...
§ 57-10-511. Grants of funds by MDA - MDA shall grant funds under this article to a planning...
§ 57-10-513. General powers and duties of planning and development districts and qualified entities - The planning and development districts and qualified entities are authorized,...
§ 57-10-515. Engagement of professional services - The planning and development districts and qualified entities are hereby...
§ 57-10-519. Certification of nondiscrimination - No assistance shall be provided to a small business under...
§ 57-10-529. Temporary borrowings by seller pending issuance of bonds of state - Such agreements may provide for the compensation of any purchasers...
§ 57-10-533. Attorney General to represent seller in issuing, selling and validating bonds or notes - Except as otherwise authorized in Section 7-5-39, the Attorney General...
Article 15 - State Small Business Credit Initiative -
Article 17 - Small Business and Grocer Investment Act
§ 57-10-701. Short title - This article shall be known as the "Small Business and...
§ 57-10-703. Legislative intent - The Legislature finds the following: Developing quality retail food outlets...
§ 57-10-705. Definitions - As used in this article: "Agency" means the Mississippi Development...
§ 57-10-709. Use of funding to leverage other sources of funds - Funding described in this article, to the extent practicable, may...
§ 57-10-711. Repeal of Sections 57-10-701 through 57-10-709 - Sections 57-10-701 through 57-10-709 shall stand repealed on July 1,...