Mississippi § 57-4-3 - State contributions made as loans deemed full faith and credit obligations of political subdivisions.
Full text of Mississippi Mississippi Code of 1972 Annotated § 57-4-3 — State contributions made as loans deemed full faith and credit obligations of political subdivisions., with citation guidance and answers to common questions.
§ 57-4-3. State contributions made as loans deemed full faith and credit obligations of political subdivisions.
Any state contribution made as a loan on behalf of a political subdivision under the provisions of this chapter is hereby made a full faith and credit obligation of such political subdivision to the State of Mississippi, and binding on the governing body obtaining such state contribution and their successors in office until repaid in full as to principal and interest thereon, without regard to existing statutory limitations.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 57-4-3
What does Mississippi Code of 1972 Annotated § 57-4-3 cover?
Section 57-4-3 ("State contributions made as loans deemed full faith and credit obligations of political subdivisions.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Mississippi § 57-4-3?
A common citation format is "Mississippi Code of 1972 Annotated § 57-4-3" (Mississippi). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 57-4-3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Mississippi.