Mississippi SB2874 authorizes rounding cash payments to the nearest 10 cents and minting gold and silver commemorative coins.
Mississippi SB2874, known as the "Common Cents and Gold and Silver Commemorative Coin Act," authorizes municipal governments, county governments, and state agencies to round the total amount due for certain fees, fines, charges, and taxes to the nearest 10 cents when paid in cash. This aims to address the limited availability of one-cent coins. The act also provides uniform rounding rules and requires rounding to be applied uniformly.
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