Maximum interest rate on interim financing in anticipation of confirmed grant or loan

Miss. Code Ann. § 75-17-107, under Interest, Finance Charges, and Other Charges.

Miss. Code Ann. § 75-17-107

Unless otherwise provided by law, interim financing in anticipation of a confirmed grant or loan by the State of Mississippi or a county, municipality or political subdivision thereof and described in Sections 19-9-28 and 21-33-326, Mississippi Code of 1972, shall bear interest at a rate not to exceed nine percent (9%) per annum.