reglab/housing_qa huggingface dataset:
MS Code § 27-105-37 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 105 - Depositories|Article 1 - State Depositories|§ 27-105-37. Acceptance by banks of checks payable to state agency

 All banks in this state are required to accept all checks and drafts that are payable to any state department, agency, board or commission, only for deposit to the credit of the particular payee to which such checks or drafts are payable, or to issue cashier's checks, certified checks and similar exchange in the name of and on behalf of the particular payee.
MS Code § 27-105-301 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 105 - Depositories|Article 3 - Depositories for Funds of Local Governments|§ 27-105-301. Levee district depositories

 The adoption of this code shall not be construed as repealing any law or laws providing for deposits by and loans of the board of commissioners for the Yazoo-Mississippi delta levee district and the board of Mississippi levee commissioners.
MS Code § 27-105-303 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 105 - Depositories|Article 3 - Depositories for Funds of Local Governments|§ 27-105-303. Establishment of county depositories

 The amount of money belonging to the several funds in the county treasury of each county in the state which is required to meet the current needs and demands of no more than seven (7) business days shall be kept on deposit in or through qualified financial institutions whose accounts are insured by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation, or in or through some of them doing business in the several counties, provided that where there is no such financial institution in a county qualifying as a depository, some such financial institution in an adjoining county may qualify as a depository. All such deposits shall be subject to payment when demanded on warrant issued by the clerk of the board of supervisors on the order of the said board or on the allowance of a court authorized to allow the same. Each financial institution qualifying as such county depository shall not be required to pay interest to the county for the privilege of holding the deposits unless federal law permits the payment of interest on such deposits, in which case the maximum permitted interest rate shall be paid on such deposits. Where more than one (1) financial institution in a county offers to qualify as a depository, the board of supervisors may allocate such money to each qualified financial institution as nearly as practicable in proportion to their respective net worth, and may adopt the rules for receiving such deposits.
MS Code § 27-105-305 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 105 - Depositories|Article 3 - Depositories for Funds of Local Governments|§ 27-105-305. Publication for bids to keep county funds; content of bids; acceptance of bid; election by board of supervisors to submit certain bids to State Treasurer to determine acceptance of bid; authority of State Treasurer upon receipt of bids from board of supervisors

 The board of supervisors at the regular December 1997 meeting, and annually thereafter or, in the discretion of the board of supervisors, every two (2) years thereafter, shall give notice to all financial institutions in its county whose accounts are insured by the Federal Deposit Insurance Corporation (or any successor thereto), by publication, that bids will be received from financial institutions at the following January meeting, or some subsequent meeting, for the privilege of keeping the county funds, or any part thereof, which notice shall refer by name to this article and it shall not be necessary to incorporate in the notice the provisions of this article; and at the January meeting, or a subsequent meeting as may be designated in the notice, as the case may be, the board of supervisors shall receive such bids or proposals as the financial institutions may make for the privilege of keeping the county funds, or any part thereof. The bids or proposals shall designate the kind of security as authorized by law which the financial institutions propose to give as security for funds, and the board shall cause the county funds and all other funds in the hands of the county treasurer to be deposited in the qualified financial institution or qualified institutions proposing the best terms and meeting the requirements provided in Section 27-105-315, having in view the safety of such funds. However, if a bank submits a bid or offer to the board of supervisors to act as a depository for the county and the bid or offer, if accepted, would result in a contract in which a member of the board of supervisors would have a direct or indirect interest, the board of supervisors may elect to not open or consider any bids received and submit the matter to the State Treasurer. Upon receipt of the bids received from the board of supervisors, the State Treasury shall open and consider the bids received, select a depository or depositories, make all decisions and take any action within the authority of the board of supervisors under this section relating to the selection of a depository or depositories, including:   The selecting and opening of accounts;   Approval of securities;   The transfer and deposit of funds between depositories; and   All other related functions.   If the board of supervisors elects to open and consider the bids or offers, it shall not open or consider any bid which, if accepted, would result in a contract in which a member of the board of supervisors would have a direct or indirect interest.
MS Code § 27-105-307 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 105 - Depositories|Article 3 - Depositories for Funds of Local Governments|§ 27-105-307. When no bids submitted; board to readvertise

 When no bid is made by any qualified financial institution in the county or in the adjoining county to qualify as a depository at the January meeting, the board of supervisors shall readvertise at some subsequent meeting for a depository and select same, in the manner provided by law.
MS Code § 27-105-309 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 105 - Depositories|Article 3 - Depositories for Funds of Local Governments|§ 27-105-309. When banks in county fail to respond

 Any county failing to secure a county depository by the advertisement to the qualified financial institutions of the county and of the adjoining counties, shall readvertise at any subsequent meeting of the board of supervisors, and as soon as possible, for bids for a county depository. Such notice shall be published once a week for three (3) weeks in some newspaper published in the county, and in a daily newspaper in Jackson, Mississippi, and shall state that the proposal is open to any qualified financial institution in the state, and that financial institutions outside of the county shall have preference over county financial institutions.
MS Code § 27-105-311 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 105 - Depositories|Article 3 - Depositories for Funds of Local Governments|§ 27-105-311. State Treasurer to aid in selection

 The clerk of the board of supervisors shall mail a copy of the notice provided for in Section 27-105-309 to the State Treasurer, who shall make efforts to have some qualified financial institution in the state submit bids for such depository.
MS Code § 27-105-313 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 105 - Depositories|Article 3 - Depositories for Funds of Local Governments|§ 27-105-313. Obstructing bids; penalty for

 It shall be unlawful for any officer in any financial institution, or any other person, to make an agreement of any kind with the intent and purpose of keeping any financial institution from bidding for county deposits, whether such agreement be express or implied, and any person violating this provision shall, upon conviction, be fined not less than Five Hundred Dollars ($500.00), nor more than One Thousand Dollars ($1,000.00) and shall be imprisoned in the county jail for not less than thirty (30) days, nor more than six (6) months.
MS Code § 27-105-315 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 105 - Depositories|Article 3 - Depositories for Funds of Local Governments|§ 27-105-315. Qualification as depository

  Any financial institution in a county, or in an adjoining county where there is no financial institution in the county qualifying, whose accounts are insured by the Federal Deposit Insurance Corporation or any successors to that insurance corporation may qualify as a county depository, if the institution qualifies as a public funds depository under Section 27-105-5 or a public funds guaranty pool member under Sections 27-105-5 and 27-105-6. The qualified financial institution shall secure those deposits by placing qualified securities on deposit with the State Treasurer as provided in Section 27-105-5.   Notwithstanding the foregoing, any financial institution whether or not meeting the prescribed ratio requirement whose accounts are insured by the Federal Deposit Insurance Corporation or any successors to that insurance corporation, may receive county funds in an amount not exceeding the amount that is insured by that insurance corporation and may qualify as a county depository to the extent of that insurance.   For purposes of the foregoing subsection (2), a deposit or investment shall be within the amount that is insured by that insurance corporation if the deposit or investment is made on the following conditions:   The financial institution arranges for the investment of the funds in interest-bearing accounts in one or more banks or savings and loan associations wherever located in the United States, for the account of the public depositor;   The full amount of the principal and accrued interest of each such interest-bearing account is insured by the Federal Deposit Insurance Corporation;   The financial institution acts as custodian for the public depositor with respect to the funds invested in the public depositor's account; and   At the same time that such interest-bearing accounts are invested, the financial institution receives an amount of deposits from customers of other financial institutions located in the United States equal to or greater than the amount of the funds invested by the public depositor through the financial institution.
MS Code § 27-105-317 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 105 - Depositories|Article 3 - Depositories for Funds of Local Governments|§ 27-105-317. Commission of depository

 A county depository must be issued a commission under Section 27-105-11 before receipt of county deposits.
MS Code § 27-105-321 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 105 - Depositories|Article 3 - Depositories for Funds of Local Governments|§ 27-105-321. Receipts in triplicate to be issued for deposits; disposition of same

 When any payment of county funds shall be made into a county depository in pursuance of this article, the depository shall give the person making such payment triplicate receipts, specifying the accounts on which the payment is made, one of which shall be immediately mailed to the chancery clerk of the county. Any person paying money into the county depositories shall, before paying same, receive a pay warrant from the chancery clerk allowing him to make such deposit, and no county depository shall receive any money unless accompanied by such pay warrant.
MS Code § 27-105-323 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 105 - Depositories|Article 3 - Depositories for Funds of Local Governments|§ 27-105-323. Detailed reports made to supervisors of receipts and disbursements by depositories

 In any county where a county depository or depositories shall qualify as herein provided, every such depository, at the regular January, April, July and October meetings of the board of supervisors, and at such other times as may be required by the board, shall make to the board of supervisors a detailed report of all moneys received by it and of the disbursements thereof, so that said receipts and disbursements shall clearly and distinctly appear; and each depository shall exhibit with its reports the vouchers for the disbursements charged therein, and all such vouchers paid by the county depository shall be marked cancelled by the clerk and shall be filed and preserved by the clerk subject to examination by the state auditing department. Such depository shall also, at the time of making such reports, present a certified statement of the amount then on deposit in the depository, and shall, upon demand of the board of supervisors, bring all moneys belonging to the county to the board of supervisors to be counted; and, if any county depository shall neglect or refuse to make such reports, it shall forfeit the sum of two hundred and fifty dollars ($250.00) to be recovered by suit in the name of the county for its use.
MS Code § 27-105-325 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 105 - Depositories|Article 3 - Depositories for Funds of Local Governments|§ 27-105-325. How tax collectors to settle with county treasury

 In making a settlement with the county treasury, the tax collector of each county shall pay the amount due the county to a county depository, according to law and the rules of the board of supervisors. The tax collector, in making deposits, shall receive duplicate receipts for the same and shall mail one to the chancery clerk, and the county depository, upon demand, shall issue its official receipt as required heretofore.
MS Code § 27-105-327 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 105 - Depositories|Article 3 - Depositories for Funds of Local Governments|§ 27-105-327. Amount to be paid by depositories for privilege of keeping funds; how computed

 The amount to be paid by any and all depositories for the privilege of keeping county funds on deposit, if required to be paid under the provisions of Section 27-105-303, shall be computed on the average daily balance of the public money kept on deposit therewith and there be credited and paid to the county monthly. Each depository shall render, at the beginning of each and every month, to the chancery clerk a statement in duplicate, showing the daily balance of the county money held by it during the month next preceding, and all sums paid to the county for the privilege of keeping said county money shall be credited to the account of the several funds entitled thereto.
MS Code § 27-105-329 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 105 - Depositories|Article 3 - Depositories for Funds of Local Governments|§ 27-105-329. Failure to pay county warrants

 In the event of the failure of any county depository to pay any county warrant lawfully issued on any funds on deposit belonging to the county in the depository, the county is empowered to order the State Treasurer to sell such securities as are placed with the State Treasurer by the depository, or call on the public funds guaranty pool if the depository is a member, or so much of them as may be necessary to cover back into the county treasury the amount of county funds on deposit with the depository, with accrued interest thereon, as provided in Section 27-105-25. In the event of the failure of the county depository to pay any warrant when the depository has placed as security surety bonds, the clerk or holder of the warrant shall notify the president of the board of supervisors and he shall take such immediate action as he may deem best and most expedient for covering back into the Treasury all county money on deposit in the depository, and the board of supervisors is authorized to employ counsel, if necessary, to more speedily enforce the payment. The expenses of the collection, including the counsel fee, shall be charged against the depository, and, in addition thereto, the depository shall be liable for damages at the rate of one percent (1%) per month for any delay in paying over any county funds when lawfully demanded, and the bond of any depository shall be liable for those expenses and damages.
MS Code § 27-105-331 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 105 - Depositories|Article 3 - Depositories for Funds of Local Governments|§ 27-105-331. Acquisition of closed depository securities

 The State Treasurer, on behalf of any county in the State of Mississippi that has acquired bonds or other securities as the result of the closing of the depository or depositories of the county, is authorized and empowered in his discretion to sell, trade, refinance or agree to the refinancing of any or all of those bonds now held or owned by it and by any subdivision or taxing district of the county. The State Treasurer is further authorized and empowered, in his discretion, in refinancing any of those bonds, to agree to a reduction of the principal sum and likewise to agree to a reduction of the interest rate thereon. The State Treasurer is authorized and empowered, in his discretion, to sell any of those bonds at or for the best price obtainable, or to trade those bonds for other bonds, when in the judgment of the State Treasurer the best interests of the county would be advanced thereby, and he is further authorized to handle and negotiate any matured interest coupons on any of those bonds in the same manner as he is authorized in this section to deal with the bonds.   All of the proceeds of the sale, refinancing, trading, or collection of any of those bonds shall be accounted for by the State Treasurer and placed to the credit of the subdivisions or funds of the counties entitled to those proceeds.
MS Code § 27-105-333 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 105 - Depositories|Article 3 - Depositories for Funds of Local Governments|§ 27-105-333. Alternative method of selecting depositories

 In any county in this state where no depository or depositories were selected and qualified, as provided by law, on or before the first Monday of January 1932, or in which the depository or depositories are not selected and qualified annually thereafter on or before the first Monday in January, the board of supervisors of the county shall, at the January meeting of the board or any regular meeting or special meeting thereafter called for that purpose, select and designate a depository or depositories into which the tax collector or tax collectors of the county shall deposit all tax collections and other public funds collected after the first Monday in January 1932, when collected, and in which the same shall thereafter be distributed, at the time and in the manner as now required by law, to the several funds or accounts in which the same properly belong, as provided by law herein.   Any depository so selected by the board of supervisors shall be within the State of Mississippi and may hold the deposits at such rate of interest as may be agreed upon with the board of supervisors or, in the discretion of the board of supervisors, without liability for interest unless it is required to be paid under the provisions of Section 27-105-303, but the depository shall secure the deposits by pledging with the State Treasurer such securities in such amounts and upon such conditions as are now required by law of depositories that qualify as such by bidding for them.
MS Code § 27-105-335 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 105 - Depositories|Article 3 - Depositories for Funds of Local Governments|§ 27-105-335. Designation of depository for county by Commissioner of Banking and Consumer Finance

 In the event no financial institution qualifies as county depository as provided by law prior to the first Monday in January, 1986, or does not qualify on or before said date annually thereafter, and the board of supervisors does not designate a county depository which qualifies hereunder, then the tax collector and the surety or sureties on his official bond may call upon the Commissioner of Banking and Consumer Finance to designate, and the Commissioner of Banking and Consumer Finance shall designate a depository for said county, which shall qualify as hereinabove provided, and which shall act as county depository for said county until a depository is selected for said county and qualified as hereinabove provided.
MS Code § 27-105-337 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 105 - Depositories|Article 3 - Depositories for Funds of Local Governments|§ 27-105-337. Tax collector to deposit funds

 Upon the selection of any county depository, either upon bids therefor or by designation of the board of supervisors or the Commissioner of Banking and Consumer Finance, and such designated financial institution becoming qualified as required by law, the tax collector of such county or counties shall deposit all funds collected therein and thereafter make a transfer to the several accounts and funds as now required by law of him in making his settlements. Upon so depositing such funds when collected, the tax collector shall thereupon be relieved and discharged from further liability therefor excepting for such amounts as the tax collector may withdraw or cause to be withdrawn from his account or accounts and to which he is not legally entitled.
MS Code § 27-105-339 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 105 - Depositories|Article 3 - Depositories for Funds of Local Governments|§ 27-105-339. Insufficient depository

 In counties where county depositories have been designated and qualified as provided by law or which shall hereafter be designated and qualified as provided by law but not for an amount sufficient to cover all county funds belonging to such counties, the provisions of Sections 27-105-333 and 27-105-335 shall be applied to secure depositories for such excess funds in the same manner and under the same conditions as apply to counties where no depositories exist.
MS Code § 27-105-341 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 105 - Depositories|Article 3 - Depositories for Funds of Local Governments|§ 27-105-341. Sections 27-105-333 through 27-105-339 cumulative

 Sections 27-105-333 through 27-105-339 shall not be held to modify or repeal any existing law relative to county depositories and the deposit of county funds, but are expressly intended to extend the existing laws of the state and provide additional methods of selecting county depositories.