Mississippi Administrative Code
Title 6 - Economic Development
Part 3 - Energy
Chapter 1 - Mississippi Energy Investment Loan Program
Rule 6-3-1.1 - Purpose

Universal Citation: MS Code of Rules 6-3-1.1
Current through September 24, 2024

The Mississippi Energy Investment Program ("Energy Investment Program"), administered by the Mississippi Development Authority ("MDA") is designed for making loans to qualified borrowers (the "Borrower") to promote development and demonstration of efficient, environmentally acceptable and commercially feasible technologies, techniques and processes while effectively utilizing the state's existing alternative and conventional energy resources to foster economic and social growth. Funding for the loans to the Borrower is derived from the appropriated funds which were a part of the Petroleum Violation Escrow Fund, M.D.L. 378 Oil Overcharge funds. The Energy Investment Program was enacted pursuant to Section 57-39-43, Miss. Code of 1972, as amended, and In Re: The Department of Energy Stripper Well Exemption Litigation, United States District Court, Kansas, M.D.L. No. 378, 1986 (jointly the "Act").

Miss. Code Ann. § 57-39-43 (Rev. 2008)

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