§ 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 57-10-445 shall be limited obligations of the corporation and shall not constitute a debt, liability or general obligation of the state or any political subdivision thereof (other than the corporation), or a pledge of the faith and credit of the state or any political subdivision […]
§ 57-10-419. Issuance of bonds generally; use of proceeds; interim receipts, temporary certificates, replacement certificates
The corporation may issue in its own name, from time to time, for the purpose of financing the approved costs of an economic development project, its bonds and may pledge for the payment thereof funds derived in respect of any financing agreement or other arrangement entered into by the corporation and an approved company under […]
§ 57-10-407. Power of corporation to accept and expend monies
The corporation may accept and expend: (a) monies which may be appropriated from time to time by the Legislature; (b) monies which may be available under the Mississippi Small Enterprise Development Finance Act; or (c) monies which may be received from any source, including income from the corporation’s operations, under Sections 57-10-401 through 57-10-445, for […]
§ 57-10-409. Financing agreements
[In cases involving an economic development project for which the Mississippi Business Finance Corporation has issued bonds for the purpose of financing the approved costs of such project prior to July 1, 1994, this section shall read as follows:] The corporation may enter into, with any approved company, a financing agreement with respect to its […]
§ 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 of the approved company, the Department of Revenue shall certify to the corporation the state income tax liability for the preceding year of each approved company with respect to an economic development project financed under Sections 57-10-401 through 57-10-445, and the amounts of any tax […]
§ 57-10-413. Job development assessment fee
[In cases involving an economic development project for which the Mississippi Business Finance Corporation has issued bonds for the purpose of financing the approved costs of such project prior to July 1, 1994, this section shall read as follows:] The approved company may require that each employee whose gross wages are equivalent to Five Dollars […]
§ 57-10-261. Construction of article
Nothing contained in this article is to be construed as a restriction or limitation upon any powers which the company might otherwise have under any other law of the state. Insofar as the provisions of this article are inconsistent with the provisions of any other law, the provisions of this article shall be controlling, and […]
§ 57-10-301. Short title
This article shall be entitled the “Mississippi Business Finance Corporation Beginning Farmer Program.”
§ 57-10-303. Definitions
For the purposes of this article, the following words shall have the meanings ascribed herein, unless the context otherwise requires: “Act” means the Mississippi Business Financing Act being Title 57, Chapter 10, Article 7, Mississippi Code of 1972. “Agricultural land” means land suitable for use in farming. “Agricultural improvements” means any improvements, buildings, structures or […]
§ 57-10-305. Legislative findings and determinations
The Legislature finds and determines as follows: There exists a serious problem in the state regarding the ability of nonestablished farmers to acquire agricultural land and agricultural improvements and depreciable agricultural property in order to enter farming. This barrier to entry into farming is conducive to consolidation of acreage of agricultural land with fewer individuals […]