Mississippi Administrative Code
Title 6 - Economic Development
Part 2 - Community Foundations COVID-19 Grant Program
Chapter 4 - Mississippi Capital Access Contract Loan Program (MS CAP)
Rule 6-2-4.11 - Restriction on Use
Universal Citation: MS Code of Rules 6-2-4.11
Current through September 24, 2024
The Financial Institution sets the terms and conditions of the MS CAP loan. However, the funds cannot be used to pay off:
A. Existing debt and/or creditors; or
B. Consolidation purposes;
C. Construction or purchase of residential housing; or real property that is held primarily for sale or investment.
Each MS CAP Loan must be approved by MDA to qualify for the program.
Miss. Code Ann. § 57-69-5 (Rev. 2008)
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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