AN ACT TO AMEND SECTION 27-105-305, MISSISSIPPI CODE OF 1972, TO PROVIDE COUNTY BOARDS OF SUPERVISORS THE DISCRETION TO DETERMINE THE INTERVAL OF TIME FOR PROVIDING NOTICE TO FINANCIAL INSTITUTIONS OF THE OPENING OF THE BIDDING PROCESS FOR SERVING AS DEPOSITORIES OF COUNTY FUNDS; TO CLARIFY THAT THE SELECTION OF DEPOSITORIES IS TO BE BASED UPON ALL RELEVANT FACTORS; TO AMEND SECTION 31-7-13, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT REVERSE AUCTIONS SHALL NOT BE USED FOR CERTAIN TERM CONTRACTS; TO REQUIRE THE CLERK OF THE BOARD OF SUPERVISORS TO ENTER THE RECOMMENDED YEAR-END ADJUSTING ACCOUNTING ENTRIES INTO THE COUNTY'S ACCOUNTING SYSTEM AND TO REQUIRE THE BOARD OF SUPERVISORS TO SPREAD THE REASON THAT ANY RECOMMENDED ENTRY WAS NOT ENTERED UPON ITS MINUTES IF THE CLERK OF THE BOARD OF SUPERVISORS DECLINES TO MAKE THE ENTRY; AND FOR RELATED PURPOSES.

Statutes affected:
As Introduced: 27-105-305
As Passed by the Senate: 27-105-305
Approved by the Governor: 27-105-305, 31-7-13