reglab/housing_qa huggingface dataset:
MS Code § 57-10-421 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 11 - Bonds to Finance Economic Development Projects|§ 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 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 corporation 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 Sections 57-10-401 through 57-10-445; 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 § 57-10-423 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 11 - Bonds to Finance Economic Development Projects|§ 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 pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the corporation, 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 § 57-10-425 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 11 - Bonds to Finance Economic Development Projects|§ 57-10-425. Purchase of bonds by corporation

 The corporation, 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 canceled, 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.
MS Code § 57-10-427 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 11 - Bonds to Finance Economic Development Projects|§ 57-10-427. Trust indentures

 The bonds may be secured by an indenture by and between the corporation and a corporate trustee which may be any bank or other corporation having the power of a trust company or any trust company within or without this state. Such indenture may contain such provisions for protecting and enforcing the rights and remedies of the bondholders as may be reasonable and proper and not in violation of law, including covenants setting forth the duties of the corporation in relation to the exercise of its powers and the custody, safekeeping and application of all money. The corporation may provide by the indenture for the payment of the proceeds of the bonds and revenues to the trustee under the indenture or other depository, and for the method of disbursement thereof, with such safeguards and restrictions as the corporation may determine. If the bonds shall be secured by an indenture, the bondholders shall have no authority to appoint a separate trustee to represent them.
MS Code § 57-10-429 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 11 - Bonds to Finance Economic Development Projects|§ 57-10-429. Signatures on bonds

 In the event that any of the members or officers of the board of directors of the corporation shall cease to be members or officers of the board prior to the delivery of any bonds signed by them, their signatures or facsimiles thereof shall nevertheless be valid and sufficient for all purposes, the same as if such members or officers had remained in office until such delivery.
MS Code § 57-10-431 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 11 - Bonds to Finance Economic Development Projects|§ 57-10-431. Establishment of funds and accounts

 The corporation may create and establish such funds and accounts as may be necessary or desirable for its purposes under Sections 57-10-401 through 57-10-445.
MS Code § 57-10-433 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 11 - Bonds to Finance Economic Development Projects|§ 57-10-433. Contracts with bondholders; securing of moneys held for payment of bonds

 The corporation shall have the power to contract with the holders of any of its bonds issued under Sections 57-10-401 through 57-10-445 as to the custody, collection, securing, investment and payment of any money of the corporation, and of any money held in trust or otherwise for the payment of bonds, and to carry out such contract. Money held in trust or otherwise for the payment of bonds or in any way to secure bonds and deposits of money may be secured in the same manner as money of the corporation, and all banks and trust companies are authorized to give security for the deposits.
MS Code § 57-10-435 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 11 - Bonds to Finance Economic Development Projects|§ 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, 1993, shall not limit the rights vested in the corporation with respect to any agreements made with, or remedies available to, the holders of bonds issued under this article or Section 27-7-22.3 prior to the enactment of the amendments until the bonds, together with all interest thereon, and all costs and expenses in connection with any proceeding by or on behalf of the holders, are fully met and discharged.
MS Code § 57-10-437 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 11 - Bonds to Finance Economic Development Projects|§ 57-10-437. Payment of expenses of corporation; limitation on liability

 All expenses incurred by the corporation in carrying out the provisions of Sections 57-10-401 through 57-10-445 shall be payable solely from funds provided under Sections 57-10-401 through 57-10-445, or other funds of the corporation. Nothing in Sections 57-10-401 through 57-10-445 shall be construed to authorize the corporation to incur indebtedness or liability on behalf of or payable by the state or any other political subdivision thereof.
MS Code § 57-10-439 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 11 - Bonds to Finance Economic Development Projects|§ 57-10-439. Exemption from taxation of income, profits, revenues, bonds, mortgages, deeds of trust and other agreements of corporation

  The corporation is hereby declared to be performing a public function and to be a public body corporate and a political subdivision of the state. Accordingly, the income, including any profit made on the sale thereof from all bonds issued by the corporation, shall at all times be exempt from all taxation by the state or any political subdivision thereof. If, after all indebtedness and other obligations of the corporation are discharged, the corporation is dissolved, its remaining assets shall inure to the benefit of the state.   With the approval of the appropriate local taxing authority, all mortgages or deeds of trust executed as security therefor, all lease or purchase agreements made pursuant to the provisions hereof, and all purchases required to establish the industrial enterprise and financed by proceeds from bonds issued under Sections 57-10-401 through 57-10-445, shall likewise be exempt from all taxation in the State of Mississippi except the contractors' tax imposed by Section 27-65-21 and the tax levied by Section 27-65-24(1)(b), and except ad valorem taxes levied for school district purposes. All projects and the revenue derived therefrom from any lease thereof shall be exempt from all taxation in the State of Mississippi, except the tax levied by Sections 27-65-21 and 27-65-24(1)(b), except the tax levied under Chapter 7, Title 27, Mississippi Code of 1972, and except ad valorem taxes levied for school district purposes.
MS Code § 57-10-441 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 11 - Bonds to Finance Economic Development Projects|§ 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, bankers, banking associations, trust companies, savings associations, including savings and loan associations, building and loan associations, investment companies, and other persons carrying on a banking business, all administrators, guardians, executors, trustees and other fiduciaries, and all other persons who are now or may later be authorized to invest in bonds or in other obligations of the state, may invest funds, including capital, in their control or belonging to them. Such bonds are also hereby made securities which may be deposited with and received by all public officers and bodies of the state or any agency or political subdivision of the state and all municipalities and public corporations for any purpose for which the deposit of bonds or other obligations of the state is now or may be later authorized by law.
MS Code § 57-10-443 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 11 - Bonds to Finance Economic Development Projects|§ 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 of the report by making a request for it to the corporation. Each report shall set forth a complete operating and financial statement in regard to Sections 57-10-401 through 57-10-445 for the corporation during the fiscal year it covers.
MS Code § 57-10-445 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 11 - Bonds to Finance Economic Development Projects|§ 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 through 57-10-445 shall be controlling, and the powers conferred by Sections 57-10-401 through 57-10-445 shall be regarded as supplemental and additional to powers conferred by any other laws. No proceedings, notice or approval shall be required for the issuance of any bonds or any instrument or the security therefor, except as provided in Sections 57-10-401 through 57-10-445.   The provisions of Sections 57-10-401 through 57-10-445 shall be liberally construed to accomplish the purposes of Sections 57-10-401 through 57-10-445.   The powers granted and the duties imposed in Sections 57-10-401 through 57-10-445 shall be construed to be independent and severable. If any one or more sections, subsections, sentences or parts of any of Sections 57-10-401 through 57-10-445 shall be adjudged unconstitutional or invalid, such adjudication shall not affect, impair or invalidate the remaining provisions thereof, but shall be confined in its operation to the specific provisions so held unconstitutional or invalid.
MS Code § 57-10-447 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 11 - Bonds to Finance Economic Development Projects|§ 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 of such a member of the Legislature or elected or appointed official, shall not derive any income from the issuance of any bonds under Sections 57-10-401 through 57-10-445, contrary to the provisions of Section 109, Mississippi Constitution of 1890, or Article 3, Chapter 4, Title 25, Mississippi Code of 1972. The provisions of this section shall not apply to any person performing clerical or administrative functions, which are other than legal services provided by an attorney, that are associated with the issuance of any bonds under Sections 57-10-401 through 57-10-445, such as the printing of bonds or other materials. Any person convicted of a violation of this section shall be punished by imprisonment for not less than one (1) year and not more than five (5) years and a fine of not less than Two Thousand Five Hundred Dollars ($2,500.00) and not more than Ten Thousand Dollars ($10,000.00).
MS Code § 57-10-449 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 11 - Bonds to Finance Economic Development Projects|§ 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.
MS Code § 57-10-501 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 13 - Mississippi Small Business Assistance Act|§ 57-10-501. Short title

 This article shall be known and may be cited as the Mississippi Small Business Assistance Act.
MS Code § 57-10-503 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 13 - Mississippi Small Business Assistance Act|§ 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.
MS Code § 57-10-505 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 13 - Mississippi Small Business Assistance Act|§ 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 the Mississippi Development Authority.   "Equity investment" means an investment in the ownership of a small business incorporated in Mississippi by a planning and development district in accordance with this article.   "General Fund" means the General Fund of the State of Mississippi.   "Loan" means a loan by a planning and development district to a small business in accordance with this article.   "MDA" means the Mississippi Development Authority.   "Planning and development districts" means an organized planning and development district in Mississippi.   "Program" means the Mississippi Small Business Assistance Program established in this article.   "Qualified entities" means small business investment corporations, community development corporations and other similar entities approved by the Mississippi Business Finance Corporation to participate in the program.   "Seller" means the State Bond Commission.   "Small business" means any commercial enterprise with less than one hundred (100) full-time employees, less than Seven Million Dollars ($7,000,000.00) in net worth or less than Seven Hundred Fifty Thousand Dollars ($750,000.00) in net annual profit after taxes.
MS Code § 57-10-507 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 13 - Mississippi Small Business Assistance Act|§ 57-10-507. Mississippi Small Business Assistance Program established; purpose

 There is hereby established, under the direction of DECD, a program to be known as the Mississippi Small Business Assistance Program for the purpose of making grants to the planning and development districts and qualified entities for their use in providing assistance to small businesses in accordance with this article for the purpose of creating and retaining jobs and small business development.
MS Code § 57-10-509 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 13 - Mississippi Small Business Assistance Act|§ 57-10-509. Submission of grant applications to DECD

  Any planning and development district or qualified entity desiring to participate in the program shall make application for a grant to DECD in a form satisfactory to DECD.   The application must indicate that the planning and development district or qualified entity has established a small business assistance review board to review applications for assistance under the program and make recommendations thereon to the board of directors of the planning and development district or governing board of a qualified entity in accordance with this article. The planning and development district or qualified entity shall provide such other assurances of their ability to administer and manage the program in accordance with this article as may be reasonably required by DECD. An eligible community development corporation shall execute a memorandum of agreement with the planning and development district(s) having such jurisdiction as may be concurrent with that of the community development corporation.
MS Code § 57-10-515 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 13 - Mississippi Small Business Assistance Act|§ 57-10-515. Engagement of professional services

 The planning and development districts and qualified entities are hereby authorized to engage legal counsel, accountants, financial advisors, appraisers, consultants and others as needed in connection with providing assistance to small businesses pursuant to this article, and to charge the costs of these services to the small businesses receiving such assistance or charge the proceeds of such assistance therefor. To the extent required by DECD, such professional services shall be engaged on a statewide program basis.
MS Code § 57-10-517 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 13 - Mississippi Small Business Assistance Act|§ 57-10-517. Adoption and publication of eligibility criteria for participation in program, timetable and process for review of applications, and other rules and regulations; adoption of uniform applications, forms, procedures, and requirements

  DECD shall adopt and publish the eligibility criteria for planning and development districts and qualified entities to participate in the program as set forth in this article, a timetable and process for review of applications from planning and development districts or qualified entities, and program report forms, all in accordance with this article, and such other rules and regulations as may be necessary and appropriate in carrying out its responsibilities under this article; provided, however, that planning and development districts or qualified entities shall have sole authority over the approval of assistance and the management of the assistance provided under this article.   The Mississippi Association of Planning and Development Districts shall prepare and adopt such uniform applications, forms, procedures and requirements for use in connection with the program as they deem necessary and appropriate.
MS Code § 57-10-519 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 13 - Mississippi Small Business Assistance Act|§ 57-10-519. Certification of nondiscrimination

 No assistance shall be provided to a small business under this article unless the small business certifies to the planning and development district or qualified entity, in a form satisfactory to DECD, that it will not discriminate against any employee or against any applicant for employment because of race, religion, color, national origin, sex or age.
MS Code § 57-10-521 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 10 - Small Business Assistance|Article 13 - Mississippi Small Business Assistance Act|§ 57-10-521. Creation of Mississippi Small Business Assistance Fund; deposits; funds to be deposited in General Fund

  There is hereby created a special fund in the State Treasury to be known as the Mississippi Small Business Assistance Fund out of which grants and expenditures authorized in connection with the program shall be disbursed. All monies received by issuance of bonds to carry out the purposes of this article shall be deposited into the Mississippi Small Business Assistance Fund.   All funds repaid to the State Treasury under this article or designated hereunder for repayment of any bonds issued under this article shall be delivered to the State Treasurer for deposit in the General Fund.