Proceeds of state contributions to be used only for matching federal funds

Miss. Code Ann. § 57-4-15, under Industrial Development Fund.

Miss. Code Ann. § 57-4-15

The proceeds of all state contributions as a loan or grant shall be used only for matching federal funds as provided under the provisions of this chapter. The federal funds may also be matched by the provision of in-kind services, equipment, personnel, supplies or other in-kind matching.