Mississippi § 31-18-13 - Initial date variable rate debt instruments.
Full text of Mississippi Mississippi Code of 1972 Annotated § 31-18-13 — Initial date variable rate debt instruments., with citation guidance and answers to common questions.
§ 31-18-13. Initial date variable rate debt instruments.
As of the initial date of each issuance of variable rate debt instruments, the total of the principal and notional amounts of such variable rate debt instruments outstanding and in effect shall not exceed an amount equal to twenty percent (20%) of the total principal amount of state-supported debt outstanding. The limitation contained in subsection (1) of this section shall not include any excluded agreements.
Frequently Asked Questions About Mississippi § 31-18-13
What does Mississippi Code of 1972 Annotated § 31-18-13 cover?
Section 31-18-13 ("Initial date variable rate debt instruments.") 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 § 31-18-13?
A common citation format is "Mississippi Code of 1972 Annotated § 31-18-13" (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 § 31-18-13 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.