Mississippi Administrative Code
Title 6 - Economic Development
Part 4 - Community Services
Chapter 3 - Amended Local Governments Capital Improvements Revolving Loan Program (CAP)
Rule 6-4-3.11 - Penalties

An Applicant which fails to meet repayment obligations shall cause all or part of its sales tax allocation and/or homestead exemption reimbursement to be withheld and may be subject to other penalties as set forth in Miss. Code Ann., Section 57-1-303(4) (Rev. 2014). The Applicant will also be ineligible for additional financial assistance from the agency until the loan balance is current.

Miss. Code Ann § 57-1-301 et seq (Rev. 2014).