6 MAC Pt. 1, R. 3.4
Loan Conditions
Cite as 6 Miss. Admin. Code Pt. 1, R. 3.4
Loan Conditions. An existing company that accepts a loan shall not reduce employment
by more than twenty percent (20%) through the use of the long term fixed assets for which the
loan is provided. The company must inject a minimum of up to ten percent (10%) equity into the
project.