by Associated Press Published: April 11,2012
Tags: disaster, disaster recovery, emergency, federal agency, federal government, hurricanes, interest, natural disaster, severe weather, Weather
JACKSON — Attorney General Jim Hood says Mississippi won’t have to repay about $987,000 in interest the state purportedly earned on Hurricane Katrina public assistance fund. Hood said yesterday in a news release that the Federal Emergency Management Agency ruled favorably on Mississippi’s appeal of an audit by the Inspector General. Hood said that on [...] [...]
by Associated Press Published: April 3,2012
Tags: banking, Banks, bill, financial institutions, interest, law, lawmakers, legislation, legislative, legislators, Legislature, lenders, loan companies, loans, state government
JACKSON — Mississippi borrowers could soon pay more for some kinds of loans if lawmakers approve a bill to allow higher interest rates. House Bill 1396 would allow loan companies to charge 99 percent interest for loans up to $1,500. The current cap is 36 percent. It would also change amounts that could be charged [...] [...]
JACKSON — After the Jackson City Council agreed in February to pay for the installation of wiring at the Metrocenter, around 300 city workers were expected to move into their new offices within 45 days. Now, 54 days later, The Clarion-Ledger reports not a single wire has been installed because of a dispute over whether [...] [...]
by MBJ Staff Published: March 13,2012
Tags: bill, community development, debt, economic development, interest, law, lawmakers, legislative branch, legislators, Legislature, loan, principle, revolving loan, state budget, state government
JACKSON — The Mississippi Senate today passed legislation that would direct additional funds to pay off state debt and move toward reducing the state’s total debt, Lt. Gov. Tate Reeves announced. “We need to get control of the state’s debt, and this bill is one way we can do that and be responsible stewards of [...] [...]
WASHINGTON — Confidence is growing that the economic rebound will strengthen. And to make sure it does, the Federal Reserve is considered certain to hold interest rates at record lows when it meets this week. Fed Chairman Ben Bernanke and his colleagues open a two-day meeting today at a time when the economic outlook has [...] [...]
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