Mississippi HB1650 mandates state agencies to report funds with no transactional activity to the State Treasurer, who may close or consolidate such.
Mississippi HB1650 requires state agencies to review and report on their funds, accounts, and trusts to the State Treasurer. The Treasurer must then review these reports and determine if any funds, accounts, or trusts have no transactional activity other than interest from pooled investments. If so, the Treasurer can close or consolidate these funds. The bill also mandates the Treasurer to compile and report this information to the Legislative Budget Office and the Senate and House Legislative Services Offices.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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