Mississippi Administrative Code
Title 6 - Economic Development
Part 11 - Mississippi Gulf Coast Restoration Fund Program
Chapter 3 - GCRF Loan and Loan Guaranty Program Rules & Regulations
Rule 6-11-3.3 - Ineligible Loan Purposes and Uses
Universal Citation: MS Code of Rules 6-11-3.3
Current through September 24, 2024
Under the program, loans made for the following uses or purposes are not eligible to apply:
A. Refinancing existing debt
B. Financing the acquisition, construction, improvement, or operation of real property, which is to be held primarily for sale or investment, such as commercial real estate ownership
C. Financing any business engaged in lending, directly or indirectly
D. Repaying delinquent federal or state income taxes
E. Reimbursing funds owed to any owner, including any equity injection
F. Financing working capital and/or rolling stock
G. Financing a non-business purpose
Miss. Code Ann. § 57-119-1, et seq.
Disclaimer: These regulations may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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