75-17-101 - Maximum interest rate on general obligation and limited obligation tax bonds.
§ 75-17-101. Maximum interest rate on general obligation and limited obligation tax bonds.
Unless otherwise provided by law, general obligation and limited obligation tax bonds issued by the State of Mississippi or a county, municipality or political subdivision thereof and described in Sections 19-9-19, 21-33-315, 21-41-43, 37-27-65, 37-29-103, 37-29-109, 37-29-113, 37-59-27, 41-13-21, 51-29-63, 51-31-61, 51-33-37, 51-33-39, 57-1-29, 59-3-11, 59-5-45, 59-7-19, 59-7-109, 59-9-37, 59-9-65, 59-13-9, 61-5-17 and 65-19-25, Mississippi Code of 1972, shall not bear a greater overall maximum interest rate to maturity than eleven percent (11%) per annum.
Sources: Laws, 1983, ch. 541, § 1; Laws, 1984, ch 506, § 12; Laws, 1985, ch. 477, § 16; Laws, 1986, ch. 384, § 2, eff from and after passage (approved March 24, 1986).