State Treasury; close those funds having no transactional activity other than interest from pooled investments.

An Act To Amend Section 27-105-3, Mississippi Code Of 1972, To Define The Terms "pooled Investment Vehicle," "state Agency" And "state Fiscal Officer"; To Create New Section 27-105-32, Mississippi Code Of 1972, To Require The State Treasurer To Annually Review Each Public Fund, Account Or Trust That Receives Interest Allocation From A Pooled Investment Vehicle To Determine If The Fund, Account Or Trust That Receives Interest Had No Transactional Activity, Other Than The Receipt Of Interest Within The Prior Fiscal Year; To Authorize The State Treasurer To Preclude Certain Funds, Accounts Or Trusts From Received Interest; To Direct Certain Funds To Be Closed Or Consolidated Within The State Treasury; To Amend Section 27-105-33, Mississippi Code Of 1972, To Authorize An Exception To The Investment Requirements Of This Chapter Upon A Demonstration Of Sufficient Justification; To Create New Section 27-105-34, Mississippi Code Of 1972, To Require Each State Agency To Review Its Funds, Accounts And Trusts Within And Outside Of The State Treasury And Report Certain Information To The Treasurer; To Require The Treasurer To Report Certain Compiled Information To The Legislative Budget Office And The Senate And House Legislative Services Office; To Amend Section 27-105-1, Mississippi Code Of 1972, To Conform; And For Related Purposes.

Status

Passed

Signed or otherwise enacted

Status date

Mar 17, 2026

240 days ago

Current chamber

Senate

Session

2026 Regular Session