DECD loans to counties or municipalities to further project.

Miss. Code Ann. § 57-1-359
in effect
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DECD shall utilize not more than the amount of the proceeds of the bonds authorized to be issued under Section 6(3)(b) of Chapter 301, Laws of 1998, for the purpose of making interest-bearing loans to counties or municipalities in order for such counties or municipalities to lend to the private company that falls under the definition of the term “project,” the proceeds of the loan from DECD to any such county or municipality.

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