Venture Capital Act of 1994

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  2. Mississippi Code
  3. Planning, Research and Development
  4. Venture Capital Act of 1994

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Section
57-77-1

Short title

Section
57-77-2

Legislative intent

Section
57-77-3

Purpose of chapter; entities as instrumentalities of the state; sovereign immunity

Section
57-77-5

Definitions

Section
57-77-7

Taxpayer entitlement to credit against state tax liability

Section
57-77-9

Formation of Magnolia Capital Corporation; officers and directors; bylaws and articles of incorporation; general powers and duties; meetings; replacement of directors; dissolution of Magnolia Venture Capital Corporation and fund

Section
57-77-11

Formation of Magnolia Venture Capital Corporation; officers and directors; bylaws and articles of incorporation; general powers and duties; replacement of directors; dissolution of Magnolia Venture Capital Corporation and fund

Section
57-77-13

Exemption from taxation and license fees of Magnolia Venture Capital Corporation

Section
57-77-15

Magnolia Capital Corporation to apply to department for loan

Section
57-77-17

Terms and conditions of loan to Magnolia Capital Corporation

Section
57-77-19

Assistance of Magnolia Capital Corporation with program compliance

Section
57-77-21

Reports by Magnolia Capital Corporation

Section
57-77-23

Authority of corporations to engage professional services

Section
57-77-25

Adoption of eligibility criteria, timetable and report forms governing Magnolia Capital Corporation participation in venture capital loan program; adoption of applications, forms, procedures and requirements by Magnolia Venture Capital Corporation

Section
57-77-27

Certification of nondiscrimination as condition to assistance to business

Section
57-77-29

Creation of Venture Capital Fund; deposits and disbursements; disposition of funds for repayment of bonds; use of remaining monies; receipt and use of monetary and nonmonetary assets

Section
57-77-31

Redemption, repayment, purchase or cancellation of bonds and notes; appropriations for payment of principal and interest on bonds and notes; rate of interest on loans made using funds from Venture Capital Fund

Section
57-77-33

Issuance of bonds and notes generally; terms, form, execution, etc., of bonds and notes

Section
57-77-35

Sale of bonds; temporary bonds; investment of bond proceeds; registration of bond sales; payment of costs and expenses

Section
57-77-37

Disposition of proceeds of sale of bonds; allocation of nonfederal funds

Section
57-77-39

Representation of seller by Attorney General with respect to issuing, selling and validating bonds or notes; payment of expenses relating to issuance of bonds or notes