AN ACT TO AMEND SECTION 27-105-33, MISSISSIPPI CODE OF 1972, TO MODIFY CERTAIN PROVISIONS CONCERNING THE DEPOSIT AND INVESTMENT OF EXCESS STATE FUNDS BY THE STATE TREASURER; TO REVISE THE REQUIREMENT THAT AT LEAST 80% OF THE TOTAL DOLLAR AMOUNT IN ALL REPURCHASE AGREEMENTS AT ANY ONE TIME SHALL BE PURSUANT TO CONTRACTS WITH QUALIFIED STATE DEPOSITORIES; TO PROVIDE THE OPTION OF INVESTING IN CERTAIN CORPORATE BONDS AND TAXABLE MUNICIPAL BONDS; TO AMEND SECTION 27-104-7, MISSISSIPPI CODE OF 1972, AS AMENDED BY HOUSE BILL NO. 249, 2023 REGULAR SESSION, AND HOUSE BILL NO. 540, 2023 REGULAR SESSION, TO SPECIFY THAT CERTAIN PUBLIC PROCUREMENT REVIEW BOARD PROVISIONS DO NOT IMPAIR OR LIMIT THE AUTHORITY OF THE STATE TREASURER TO ENTER INTO ANY PERSONAL OR PROFESSIONAL SERVICES CONTRACTS INVOLVING THE MANAGEMENT OF TRUST FUNDS, AN AUTHORITY COMPARABLE TO THAT GRANTED TO THE BOARD OF TRUSTEES OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM; TO REMOVE A SUBSECTION THAT REPEALED ON JULY 1, 2022; AND FOR RELATED PURPOSES.

Statutes affected:
As Introduced: 27-105-33, 27-105-9, 27-104-7, 27-105-5, 27-105-6
Committee Substitute: 27-105-33, 27-104-7
As Passed by the Senate: 27-105-33, 27-104-7
Approved by the Governor: 27-105-33