{"data":{"id":"us-ms/miss.-code-ann.-57-10-505","jurisdiction":"us-ms","citation":"Miss. Code Ann. § 57-10-505","heading":"Miss. Code Ann. § 57-10-505","body":"The following words and phrases when used in this article shall have the meaning given to them in this section unless the context clearly indicates otherwise:\n\n(a) “ Assistance ” means a loan to a small business or an equity investment in a small business by a planning and development district in accordance with this article.\n\n(b) “ DECD ” means the Mississippi Development Authority.\n\n(c) “ Equity investment ” means an investment in the ownership of a small business incorporated in Mississippi by a planning and development district in accordance with this article.\n\n(d) “ General Fund ” means the General Fund of the State of Mississippi.\n\n(e) “ Loan ” means a loan by a planning and development district to a small business in accordance with this article.\n\n(f) “ MDA ” means the Mississippi Development Authority.\n\n(g) “ Planning and development districts ” means an organized planning and development district in Mississippi.\n\n(h) “ Program ” means the Mississippi Small Business Assistance Program established in this article.\n\n(i) “ Qualified entities ” means small business investment corporations, community development corporations and other similar entities approved by the Mississippi Business Finance Corporation to participate in the program.\n\n(j) “ Seller ” means the State Bond Commission.\n\n(k) “ Small business ” means any commercial enterprise with less than one hundred (100) full-time employees, less than Seven Million Dollars ($ 7,000,000.00) in net worth or less than Seven Hundred Fifty Thousand Dollars ($ 750,000.00) in net annual profit after taxes.","path":["MS Code","Title 57"],"source_url":"https://legislature.ms.gov/","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:17Z","sha256":"40fb13e1abdc6585c3700a5f471343cf21c5666d45e52e3987d97087d4d71e62","source_id":"us-ms","stale":false,"prev":"us-ms/miss.-code-ann.-57-10-503","next":"us-ms/miss.-code-ann.-57-10-507"},"notice":"GroundRules: Original legal text. Not legal advice."}