reglab/housing_qa huggingface dataset:
MS Code § 57-10-165 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 5 - Comprehensive Small Business Act of 1983|§ 57-10-165. Small Business Clearinghouse

 There is hereby created a unit within the consortium to be known as the Small Business Clearinghouse which shall provide a single contact point for the state's small businesses seeking assistance, make them aware of programs available to them, and direct them to the appropriate delivering organization.   The Small Business Clearinghouse shall be part of the Mississippi Department of Economic Development, and the Executive Director of the Mississippi Department of Economic Development shall be authorized to employ a full-time staff member and to expend such funds as necessary to effectively implement the duties assigned this unit.   In order to ensure that the general small business public is informed of this single contact point for gaining access to state-supported services, the Small Business Clearinghouse shall establish and maintain an outreach program.
MS Code § 57-10-169 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 5 - Comprehensive Small Business Act of 1983|§ 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 Corporation and the small businessman's loan committee shall be abolished and the powers, duties and authority granted the Mississippi Economic Development Corporation and the small businessman's loan committee pursuant to Articles 1 and 3, Chapter 10, Title 57, Mississippi Code of 1972, shall at that time be transferred to the Certified Development Company of Mississippi.
MS Code § 57-10-201 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 7 - Mississippi Small Business Financing Act|§ 57-10-201. Short title

 This article shall be known and may be cited as the "Mississippi Business Financing Act".
MS Code § 57-10-203 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 7 - Mississippi Small Business Financing Act|§ 57-10-203. Legislative findings and declarations

 The Legislature finds and determines that there exists in the state a need to assist business in the state in obtaining financing for new business or in the expansion of existing business in order to promote and develop industrial development and to further the long-term economic development of the state through the improvement of its tax base and the promotion of employment. The Legislature finds and determines that it is necessary to provide financial assistance to business in the state by providing loans, guarantees, insurance and other assistance to business, thereby encouraging the investment of private capital in business in the state. To assist in such matters is essential to the industrial development of the state. In making these determinations, the Legislature has considered and affirmatively expresses its policy to assist businesses, acknowledging that this determination has and will affect competition.   It is hereby further declared that all of the foregoing are public purposes and will serve a public purpose in that they will promote industry, develop trade and increase employment opportunities for the benefit of the inhabitants of the state, either through the increase of commerce or through the promotion of safety, health, welfare, convenience or prosperity; and that the necessity of enacting the provisions herein set forth is in the public interest and is hereby so declared as a matter of express legislative determination.
MS Code § 57-10-209 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 7 - Mississippi Small Business Financing Act|§ 57-10-209. Issuance and refunding of bonds; methods for financing projects

 Upon receipt of a certificate of public convenience and necessity from the Executive Director of the Mississippi Department of Economic and Community Development, the company shall have the power to borrow money and to issue from time to time its bonds to pay the cost of the projects for which such bonds have been issued, including but not limited to the power to issue from time to time bonds to renew or to pay bonds, including the interest thereon. Whenever bonds can be refunded to obtain interest rates on refunding bonds which are lower than the interest rates on the bonds to be refunded it shall have the power to refund any bonds by the issuance of new bonds, whether the bonds to be refunded have or have not matured, and to issue bonds partly to refund outstanding bonds. Refunding bonds may be sold and the proceeds applied to the purchase, redemption or payment of the bonds to be refunded, or exchanged for the bonds to be refunded. The company may undertake the financing of the cost of a project for an eligible business from the proceeds of its bonds by one or more of the following methods: (a) entering into a lease for the facilities of the eligible business being financed; (b) selling such facilities to the eligible business under a sales contract; (c) lending the proceeds of the sale of the bonds under a loan agreement with the eligible business; (d) entering into a loan to lenders transaction in the manner described in Section 57-10-227; or (e) entering into such other transaction or transactions as the company deems appropriate to accomplish the purposes of this article.
MS Code § 57-10-213 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 7 - Mississippi Small Business Financing Act|§ 57-10-213. Issuance of bonds to finance projects of eligible businesses

 In addition to, and not as a limitation upon, the powers of the company to issue bonds as elsewhere conferred in this article, and upon the receipt of a certificate of public convenience and necessity from the Executive Director of the Mississippi Department of Economic and Community Development, the company also shall have the power to issue bonds, the proceeds of which, after payment of the costs of issuance thereof, will be used to make loans to finance or refinance the projects of eligible businesses. The company shall promulgate such rules and regulations as may be necessary to carry out the purposes of this section and to provide procedures for the making of such loans and the repayment thereof.
MS Code § 57-10-215 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 7 - Mississippi Small Business Financing Act|§ 57-10-215. Insurance or guaranty fund

 There is hereby created an insurance or guaranty fund of the company which may be used for any of the following purposes:   To insure the payment or repayment of all or any part of the principal of, redemption or prepayment premiums or penalties on, and interest on its bonds;   To insure the payment or repayment of all or any part of the principal of, redemption or prepayment premiums or penalties on, and interest on any instrument executed, obtained or delivered in connection with the issuance and sale of its bonds; and   To pay or insure the payment of any fees or premiums necessary to obtain insurance, guarantees or other instruments or enhancement of credit for or support from any person in connection with financing assistance provided by the company under this article including but not limited to working capital loans made by a lender.
MS Code § 57-10-217 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 7 - Mississippi Small Business Financing Act|§ 57-10-217. Security for bonds or instruments

 The bonds or instruments with respect to which financial assistance is provided by the company shall be secured or unsecured in a manner approved by the company.
MS Code § 57-10-219 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 7 - Mississippi Small Business Financing Act|§ 57-10-219. Premiums and fees for financial assistance

 The company may, in its discretion, set the premiums and fees to be paid to it for providing financial assistance under this article. The premiums and fees and expenses set by the company shall be payable in the amounts, at the time and in the manner that the company, in its discretion, requires. The premiums and fees need not be uniform among transactions and may vary in amount among transactions and at different stages during the terms of the transactions.
MS Code § 57-10-221 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 7 - Mississippi Small Business Financing Act|§ 57-10-221. Applicability of debt limitation or restriction

 Bonds issued pursuant to the provisions of this article shall not constitute an indebtedness within the meaning of any debt limitation or restriction.
MS Code § 57-10-223 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 7 - Mississippi Small Business Financing Act|§ 57-10-223. Procedure for public hearings and approval

 Whenever federal law requires public hearings and public approval as a prerequisite to obtaining federal tax exemption for the interest paid on industrial development bonds under Section 141 of the Revenue Code, unless otherwise specified by federal law or regulation, the public hearing for industrial development bonds of the company shall be conducted by the company and the procedure for the public hearing and public approvals shall be as follows:   For a public hearing by the company;   Notice of the hearing shall be published at least once in a newspaper published or having general circulation in the municipality in which the facility to be financed is to be located, or having general circulation in the state, of intention to provide financing for a named applicant. The applicant shall pay the cost of notification. The notice shall specify the time and place of hearing at which persons may appear and present their views. The hearing shall be held not less than fourteen (14) days after the notice shall appear in such newspaper. The hearing may be held at any place within the state determined by the company;   The notice shall contain (A) the name and address of the company; (B) the name and address of the principal place of business, if any, of the applicant seeking financing; (C) the maximum dollar amount of financing sought; and (D) the type of business and purpose and specific location of the facility to be financed.   For public approval, the Governor or State Treasurer is appointed by this article as the applicable elected representative within the meaning of Section 147(f) of the Revenue Code.
MS Code § 57-10-225 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 7 - Mississippi Small Business Financing Act|§ 57-10-225. Loans to lenders

 The company may make, and undertake commitments to make, loans to lenders under terms and conditions requiring the proceeds thereof to be used by such lenders to make loans to eligible businesses. Loan commitments or actual loans may be originated through and serviced by any such lender. As a condition to a lender's participating in such loan, such lender shall agree to use the proceeds of such loan within a reasonable period of time to make loans or purchase loans to provide eligible businesses, or finance the projects of eligible businesses, in the state or, if such lender has made a commitment to make loans to provide eligible businesses on the basis of a commitment from the company to purchase such loans, such lender will make such loans within a reasonable period of time.
MS Code § 57-10-227 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 7 - Mississippi Small Business Financing Act|§ 57-10-227. Investment in, purchase and assignment of loans made by lenders

 The company may invest in, purchase or make commitments to invest in or purchase, and take assignments or make commitments to take assignments, of loans made by lenders for the acquisition, construction, rehabilitation, expansion or purchase of a project or projects for eligible business.
MS Code § 57-10-229 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 7 - Mississippi Small Business Financing Act|§ 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 and 57-10-227, the company shall promulgate rules and regulations governing its activities authorized thereunder, including but not limited to rules and regulations relating to the following:   Procedures for the submission of requests or invitations and proposals for making loans to lenders and the investment in, purchase, assignment and sale of loans;   The reinvestment by a lender of the proceeds, or an equivalent amount, from any loan to a lender in loans to provide financing for eligible business in the state;   Assurances that the eligible business to be financed will improve employment conditions or otherwise improve industrial development in the state;   Rates, fees, charges and other terms and conditions for originating or servicing loans in order to protect against realization of an excessive financial return or benefit by the originator or servicer;   The type and amount of collateral or security to be provided to assure repayment of loans to lenders made by the company;   The type of collateral, payment bonds, performance bonds or other security to be provided for any loans made by a lender for construction loans;   The nature and amount of fees to be charged by the company to provide for expenses and reserves of the company;   Standards and requirements for the allocation of available money among lenders and the determination of the maturities, terms, conditions and interest rates for loans made, purchased, sold, assigned or committed pursuant hereto;   Commitment requirements for financing by lenders involving money provided, directly or indirectly, by the company; or   Any other appropriate matters related to the duties or exercise of the company's powers hereunder.
MS Code § 57-10-231 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 7 - Mississippi Small Business Financing Act|§ 57-10-231. Payment of bonds; additional security

 Except as may otherwise be expressly provided by the company in proceedings relating to a particular issue of bonds, every issue of its bonds shall be payable solely out of any revenues of the company. The bonds additionally may be secured by a pledge of any grant, contribution or guarantee from the federal government or any person or a pledge by the company of any revenues from any source.
MS Code § 57-10-233 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 7 - Mississippi Small Business Financing Act|§ 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 constitute a debt, liability or general obligation of the state or any political subdivision thereof (other than the company), or a pledge of the faith and credit of the state or any political subdivision thereof (other than the company), but shall be payable solely as provided by the company. No member or officer of the board of directors of the company nor any person executing the bonds shall be liable personally on the bonds by reason of the issuance thereof. Each bond issued under this article shall contain on the face thereof a statement that neither the state, nor any other political subdivision thereof, shall be obligated to pay the same or the interest thereon or other costs incident thereto except from the revenue or money pledged by the company and that neither the faith and credit nor the taxing power of the state or any political subdivision thereof is pledged to the payment of the principal of, or the interest on, such bond.
MS Code § 57-10-235 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 7 - Mississippi Small Business Financing Act|§ 57-10-235. Term, interest rate, denominations, etc. of bonds; use of proceeds; rules and regulations

  The bonds shall be authorized by a resolution of the company, shall bear such date or dates, and shall mature at such time or times as such resolution may provide, except that no bond shall mature more than thirty (30) years from the date of issue. Bonds which are not subject to taxation shall bear interest at such rate or rates, be in such denominations, be in such form, carry such registration privileges, be executed in such manner, be payable in such medium of payment, at such place or places, and be subject to such terms of redemption, including redemption prior to maturity, as such resolution may provide. Except as expressly provided otherwise in this article, the provisions of other laws of the state relating to the issuance of revenue bonds shall not apply to bonds issued by the company. As to bonds issued hereunder and designated as taxable bonds by the company, any immunity to taxation by the United States Government of interest on such bonds or notes is hereby waived. Bonds of the company may be sold by the company at public or private sale, from time to time, and at such price or prices as the company shall determine.     The company shall make available from the proceeds of bonds issued the amount of One Million Dollars ($1,000,000.00) to every certified development company created by a planning and development district in this state, which monies shall be used by such certified development companies to assist businesses within the planning and development districts in a manner consistent with the provisions of this chapter and with the provisions of the federal act.   The company shall promulgate rules and regulations governing the activities authorized herein, including but not limited to:   Procedures for the submission of requests or proposals by the certified development companies;   The reinvestment by the certified development companies of bond proceeds;   Assurance that the eligible business to be financed will improve employment or otherwise improve industrial development in the state;   Rates, fees, charges and other terms and conditions of loans between the certified development companies and the borrowers;   The type and amount of collateral or security to be provided to assure repayment of bond proceeds and interest;   Standards and requirements for the allocation of available money among the certified development companies; and   Any other appropriate matters related to the duties or exercise of the company's power hereunder.
MS Code § 57-10-237 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 7 - Mississippi Small Business Financing Act|§ 57-10-237. Miscellaneous provisions of resolution authorizing issuance of bonds

 Any resolution authorizing the issuance of bonds may contain provisions as to:   Pledging all or any part of the revenues of the company to secure the payment of the bonds subject to the terms of the proceedings relating to other bonds of the company as may then exist;   Pledging all or any part of the assets of the company, including loans and obligations securing the same, to secure the payment of the bonds, subject to the terms of the proceedings relating to other bonds of the company as may then exist;   The use and disposition of the gross income from loans owned by the company and payment of the principal of loans owned by the company;   The setting aside of reserves or sinking funds and the regulations and disposition thereof;   Limitations on the purposes to which the proceeds from the sale of bonds may be applied and pledging the proceeds to secure the payment of the bonds;   Limitations on the issuance of additional bonds, the terms upon which additional bonds may be issued and secured, and the refunding of outstanding or other bonds;   The procedure, if any, by which the terms of any of the proceedings under which the bonds are being issued may be amended or abrogated, the number or percentage of bondholders who or which must consent thereto, and the manner in which the consent may be given;   The vesting in a trustee or trustees of such property, rights, powers and duties in trust as the company may determine, and limiting or abrogating the right of bondholders to appoint a trustee or limiting the rights, powers and duties of the trustee;   Defining the act or omissions to act which shall constitute a default and the obligations or duties of the company to the holders of the bonds, and providing for the rights and remedies of the holders of the bonds in the event of default, which rights and remedies may include the general laws of the state and other provisions of this article; or   Any other matter, of like or different character, which in any way affects the security or protection of the holders of the bonds.
MS Code § 57-10-239 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 7 - Mississippi Small Business Financing Act|§ 57-10-239. Effect of pledge; recording of resolution or other instruments

 Any pledge made by the company shall be valid and binding from the time when the pledge was made. The revenues or properties so pledged and thereafter received by the company shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act, and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the company, irrespective of whether the parties have notice thereof. Neither the resolution nor any other instrument by which a pledge is created need be recorded.
MS Code § 57-10-241 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 7 - Mississippi Small Business Financing Act|§ 57-10-241. Cancellation and redemption of bonds

 The company, subject to the provisions in proceedings relating to outstanding bonds as may then exist, may purchase bonds out of any funds available therefor, which shall thereupon be cancelled, at any reasonable price which, if the bonds are then redeemable, shall not exceed the redemption price (and premium, if any) then applicable plus accrued interest to the redemption date thereof.