6 MAC Pt. 1, R. 15.1
Purpose
Cite as 6 Miss. Admin. Code Pt. 1, R. 15.1
Purpose. The Mississippi Port Revitalization Revolving Loan Program (“Port Loan
Program”), administered by the Mississippi Development Authority (“MDA”) is designed for
making loans to state, county, or municipal port authorities (“Local Sponsors”) for the
improvement of port facilities to promote commerce and economic growth in the state of
Mississippi (the “State”). Funding for loans to Local Sponsors is derived from the issuance of
State bonds or notes. The Port Loan Program was enacted by the State Legislature during the
Regular 1992 Session.