§ 57-10-441. Investment in bonds; bonds as security for deposits
The bonds issued by and under the authority of Sections 57-10-401 through 57-10-445 by the corporation are declared to be legal investments in which all public officers or public bodies of the state, its political subdivisions, all municipalities and municipal subdivisions, all insurance companies and associations, and other persons carrying on insurance business, all banks, […]
§ 57-10-443. Annual report of corporation
The corporation, within one hundred twenty (120) days of the close of each fiscal year, shall submit an annual report of its activities in regard to Sections 57-10-401 through 57-10-445 for the preceding year to the Governor. The Clerk of the House of Representatives and the Secretary of the Senate each shall receive a copy […]
§ 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 construed as a restriction or limitation upon any powers which the corporation might otherwise have under any other law of the state. Insofar as the provisions of Sections 57-10-401 through 57-10-445 are inconsistent with the provisions of any other law, the provisions of Sections 57-10-401 […]
§ 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, directly or indirectly, as a result of such elected or appointed official’s duties under Sections 57-10-401 through 57-10-445. Any member of the Legislature, any elected or appointed official, any member of the immediate family of a member of the Legislature, or any partner or associate […]
§ 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Sections 57-10-401 through 57-10-445 and 27-7-22.3 shall be repealed from and after October 1, 2022.
§ 57-10-501. Short title
This article shall be known and may be cited as the Mississippi Small Business Assistance Act.
§ 57-10-421. Additional provisions in bond issue resolution
In addition to the requirements provided for in Section 57-10-419, any resolution authorizing the issuance of bonds under Sections 57-10-401 through 57-10-445 may contain provisions as to: The setting aside of reserves or sinking funds and the regulations and disposition thereof; Limitations on the issuance of additional bonds, the terms upon which additional bonds may […]
§ 57-10-503. Purpose
It is the purpose of this article to promote economic and community development in the State of Mississippi through the planning and development districts in Mississippi by providing assistance for job creation and retention and small business development and to authorize the issuance of state bonds or notes for funding such assistance.
§ 57-10-423. Pledge made by corporation; recording of resolution or other instrument
Any pledge made by the corporation shall be valid and binding from the time when the pledge was made. The revenues or properties so pledged and thereafter received by the corporation shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act, and the lien of any such […]
§ 57-10-505. Definitions
The following words and phrases when used in this article shall have the meaning given to them in this section unless the context clearly indicates otherwise: “Assistance” means a loan to a small business or an equity investment in a small business by a planning and development district in accordance with this article. “DECD” means […]