{"data":{"id":"us-ms/miss.-code-ann.-57-71-5","jurisdiction":"us-ms","citation":"Miss. Code Ann. § 57-71-5","heading":"Miss. Code Ann. § 57-71-5","body":"The following words and phrases when used in this act shall have the meaning given to them in this section unless the context clearly indicates otherwise:\n\n(a) “ MBFC ” or “ company ” means the Mississippi Business Finance Corporation.\n\n(b) “ Private company ” means any agricultural, aquacultural, horticultural, industrial, manufacturing or research and development enterprise or enterprises, or the lessor thereof, or any commercial enterprise approved by the Mississippi Business Finance Corporation; however, the term “private company” shall not include any business, corporation or entity having a gaming license issued under Section 75-76-1 et seq. , or any medical cannabis establishment as defined in the Mississippi Medical Cannabis Act.\n\n(c) “ Qualified financial institution ” means any commercial bank or savings and loan institution approved by the Mississippi Business Finance Corporation to provide letters of credit under this act.\n\n(d) “ Letter of credit ” means a letter of credit obligation from a qualified financial institution approved by the Mississippi Business Finance Corporation.\n\n(e) “ Planning and development districts ” means the organized planning and development districts in Mississippi.\n\n(f) “ Director ” means the Executive Director of the Mississippi Business Finance Corporation.\n\n(g) “ Seller ” means the State Bond Commission.","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":"e49ae6dc9f91cbda588f8b7b8009c24efc8d99427045eeb33d84e7c866fca399","source_id":"us-ms","stale":false,"prev":"us-ms/miss.-code-ann.-57-71-35","next":"us-ms/miss.-code-ann.-57-71-7"},"notice":"GroundRules: Original legal text. Not legal advice."}