Mississippi § 77-5-503 - Competition with proposed system barred for twelve months after filing of notice of federal loan agreement.
Full text of Mississippi Mississippi Code of 1972 Annotated § 77-5-503 — Competition with proposed system barred for twelve months after filing of notice of federal loan agreement., with citation guidance and answers to common questions.
§ 77-5-503. Competition with proposed system barred for twelve months after filing of notice of federal loan agreement.
In the event that the filing corporation within the six months period provided for in Section 77-5-501 shall enter into any loan agreement with any federal agency for the financing of its proposed electric system, and shall file a written notice thereof with the authority, together with a copy of said loan agreement, no such electric utility, power and light company, person or corporation after receipt of notice of such loan agreement shall begin the construction of any electric distribution lines within said area or areas or solicit customers for electric service therein until after the expiration of twelve (12) months from the date of filing said notice of said loan agreement.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 77-5-503
What does Mississippi Code of 1972 Annotated § 77-5-503 cover?
Section 77-5-503 ("Competition with proposed system barred for twelve months after filing of notice of federal loan agreement.") 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 § 77-5-503?
A common citation format is "Mississippi Code of 1972 Annotated § 77-5-503" (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 § 77-5-503 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.