75-17-103 - Maximum interest rate on revenue bonds.
§ 75-17-103. Maximum interest rate on revenue bonds.
Unless otherwise provided by law, revenue bonds issued by the State of Mississippi or a county, municipality or political subdivision thereof and described in Sections 17-17-115, 19-5-183, 19-29-33, 21-27-45, 21-27-71, 21-27-179, 29-3-169, 37-101-91, 37-101-93, 41-13-21, 43-33-25, 43-33-537, 43-35-21, 49-17-105, 51-35-331, 57-7-3, 57-31-9, 59-7-417, 59-7-505, 59-9-41, 61-3-41, 61-5-17, 65-13-37, 69-5-15, 77-5-27 and 77-5-739, Mississippi Code of 1972, shall not bear a greater overall maximum interest rate to maturity than thirteen percent (13%) per annum.
Sources: Laws, 1983, ch. 541, § 2; Laws, 1984, ch. 506, § 13; Laws, 1985, ch. 477, § 17, eff from and after passage (approved April 8, 1985).