Establishes the Oktibbeha County Reserve and Trust Fund for proceeds from the sale of OCH Regional Medical Center.
The bill authorizes the Board of Supervisors of Oktibbeha County, Mississippi, to establish the Oktibbeha County Reserve and Trust Fund for the net proceeds from the sale of OCH Regional Medical Center. The fund will be managed by a board of trustees, with the Board of Supervisors serving as trustees. The trustees must contract with a qualified institutional fiduciary to manage the fund's investments, ensuring the corpus maintains its purchasing power and provides sustainable revenue for county needs.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.