reglab/statecodes huggingface dataset:
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 105 - DEPOSITORIES (§§ 27-105-1 — 27-105-371) › Article 3 - DEPOSITORIES FOR FUNDS OF LOCAL GOVERNMENTS (§§ 27-105-301 — 27-105-371) › Section 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.
Codes, 1942, § 9159; Laws, 1932, ch. 215; Laws, 1985, ch. 514, § 25; Laws, 2000, ch. 408, § 11, eff. 7/1/2001.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 105 - DEPOSITORIES (§§ 27-105-1 — 27-105-371) › Article 3 - DEPOSITORIES FOR FUNDS OF LOCAL GOVERNMENTS (§§ 27-105-301 — 27-105-371) › Section 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.
Codes, 1942, § 9160; Laws, 1932, ch. 215; Laws, 1950, ch. 203, § 1; Laws, 1985, ch. 514, § 26, eff. 10/1/1985.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 105 - DEPOSITORIES (§§ 27-105-1 — 27-105-371) › Article 3 - DEPOSITORIES FOR FUNDS OF LOCAL GOVERNMENTS (§§ 27-105-301 — 27-105-371) › Section 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.
Codes, 1942, § 9161; Laws, 1932, ch. 215; Laws, 1950, ch. 203, § 2; Laws, 1985, ch. 514, § 27, eff. 10/1/1985.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 105 - DEPOSITORIES (§§ 27-105-1 — 27-105-371) › Article 3 - DEPOSITORIES FOR FUNDS OF LOCAL GOVERNMENTS (§§ 27-105-301 — 27-105-371) › Section 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.
Codes, 1942, § 9162; Laws, 1932, ch. 215.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 105 - DEPOSITORIES (§§ 27-105-1 — 27-105-371) › Article 3 - DEPOSITORIES FOR FUNDS OF LOCAL GOVERNMENTS (§§ 27-105-301 — 27-105-371) › Section 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.
Codes, 1942, § 9164; Laws, 1932, ch. 215.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 105 - DEPOSITORIES (§§ 27-105-1 — 27-105-371) › Article 3 - DEPOSITORIES FOR FUNDS OF LOCAL GOVERNMENTS (§§ 27-105-301 — 27-105-371) › Section 27-105-343 - Chancery clerks to perform duties of county treasurers

From and after the passage of this section, all the duties except the duty of receiving and disbursing money that were imposed by law on county treasurers shall be required to be done by chancery clerks, and they shall be the custodians of all the books, records, papers, and vouchers heretofore belonging to county treasurers, and shall be custodians of all the promissory notes, bonds, and other like property belonging to or deposited with the county, and said clerks shall in all respects be liable on their official bonds for the proper care of the same.
The duty of receipting for and disbursing all monies heretofore deposited with county treasurers shall be done and performed by the designated county and drainage district depositories appointed in the manner provided by law; and any person or corporation required to pay money into a county treasury shall hereafter pay the same to a properly designated depository and such depository shall issue receipts therefor in duplicate, one of which shall be filed with the chancery clerk and the other retained by the person or corporation making such payment, and such payment when made to a designated depository shall discharge the person or corporation making such payment from any further liability therefor.
In the event there shall be no designated depository for any money required to be paid into a county treasury, such payment shall be made to the tax collector who shall receipt for same in duplicate as required in the preceding paragraph and shall pay the same over to a legally appointed depository within ten (10) days after one is qualified to receive the same. The tax collector shall be the custodian of all money belonging to a county or any subdivision thereof until there be appointed a depository for any such funds and the said tax collectors shall be liable on their official bond for the proper accounting and payment of any funds so paid to them.
Boards of supervisors shall allow chancery clerks for their compensation for performance of the duties required of them by this section the sum of Two Thousand Five Hundred Dollars ($2,500.00) per annum.
Nothing in this section shall preclude drainage districts from selecting their treasurer or depository as now provided by law.
Codes, 1942, § 9165; Laws, 1932, ch. 207; Laws, 1968, ch. 361, § 14; Laws, 1981, ch. 497, § 3; Laws, 2004, ch. 505, § 12, eff. 8/19/2004 (the date the United States Attorney General interposed no objection under Section 5 of the Voting Rights Act of 1965, to the amendment of this section).
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 105 - DEPOSITORIES (§§ 27-105-1 — 27-105-371) › Article 3 - DEPOSITORIES FOR FUNDS OF LOCAL GOVERNMENTS (§§ 27-105-301 — 27-105-371) › Section 27-105-345 - Traffic in public funds prohibited; penalty therefor

The making of profit, directly or indirectly, by the county treasurer, tax collector, treasurer of any board of trustees, or any officer whatever, out of any money belonging to a county, the custody of which the county treasurer or other officer is charged with, by loaning or otherwise using it, or depositing the same in any manner contrary to law, or a removal by any such officer or by his consent of such moneys, or a part thereof, and placing it elsewhere than as provided by law, shall constitute a felony, and, on conviction thereof, shall subject such officer to imprisonment in the state penitentiary for a term not exceeding two (2) years or a fine not exceeding five thousand dollars ($5,000.00), or to both such fine and imprisonment, and the officer offending shall be liable on his official bond for all profits realized for such unlawful use of such funds.
Codes, Hemingway's 1917, § 4248; 1930, § 4354; 1942, § 9166; Laws, 1912, ch. 194.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 105 - DEPOSITORIES (§§ 27-105-1 — 27-105-371) › Article 3 - DEPOSITORIES FOR FUNDS OF LOCAL GOVERNMENTS (§§ 27-105-301 — 27-105-371) › Section 27-105-347 - Penalty

If any officer, treasurer, sheriff, tax collector, member of the board of supervisors, or other person charged with the enforcement of this article, shall at any time fail or refuse to perform any act required of him by this article, he shall be guilty of a misdemeanor, and, upon conviction thereof, shall be sentenced to pay a fine of not more than five thousand dollars ($5,000.00).
Codes, Hemingway's 1917, § 4249; 1930, § 4355; 1942, § 9167; Laws, 1912, ch. 194.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 105 - DEPOSITORIES (§§ 27-105-1 — 27-105-371) › Article 3 - DEPOSITORIES FOR FUNDS OF LOCAL GOVERNMENTS (§§ 27-105-301 — 27-105-371) › Section 27-105-349 - County withdrawal of bonds pledged or filed as security

The State Treasurer is authorized and empowered to allow county depositories of county funds or county district funds of every kind and character to withdraw any bonds pledged or filed or deposited as security for those deposits:
(a)
When in the opinion of the State Treasurer the deposits become reduced to such an extent as to justify the withdrawal;
(b)
Or to withdraw any such bonds or corporate surety bonds, and substitute in lieu thereof other bonds or corporate surety bonds, as the case may be.
All such bonds shall be such as are authorized by law to be pledged or filed as security for those deposits, or if a corporate surety bond, it must be made by a surety company authorized to do business in this state; and in addition, all such deposits shall be fully secured and covered as required by Section
27-105-5
.
Codes, 1930, § 4356; 1942, § 9168; Laws, 1922, ch. 284; Laws, 1956, ch. 206; Laws, 1995, ch. 567, § 3; Laws, 2000, ch. 408, § 12, eff. 7/1/2001.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 105 - DEPOSITORIES (§§ 27-105-1 — 27-105-371) › Article 3 - DEPOSITORIES FOR FUNDS OF LOCAL GOVERNMENTS (§§ 27-105-301 — 27-105-371) › Section 27-105-351 - Drainage district funds; how dealt with

All funds coming into the county treasury belonging to any drainage district shall be deposited in the county depositories under the same conditions as county funds are deposited, to be drawn by the proper parties and in the manner provided by law. All tax collectors may pay drainage taxes into such depositories in the same manner as county funds are paid in, and shall be subject to the same protection provided herein for the protection of county funds.
Codes, Hemingway's 1917, § 4250; 1930, § 4357; 1942, § 9169; Laws, 1912, ch. 194.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 105 - DEPOSITORIES (§§ 27-105-1 — 27-105-371) › Article 3 - DEPOSITORIES FOR FUNDS OF LOCAL GOVERNMENTS (§§ 27-105-301 — 27-105-371) › Section 27-105-353 - Method of selecting municipal depositories

The board of mayor and aldermen or other municipal authorities of each and every city, town or village in the state are required to select a depository in the manner provided by law for the selection of county depositories, including the same intervals of time as counties for receiving bids from financial institutions for the privilege of holding public funds. Before being selected, a depository must be certified by the State Treasurer as meeting the capital ratio requirement specified in Section
27-105-5
or
27-105-6
. An institution shall not be a qualified depository and shall not receive any municipal funds unless its ratio has been certified annually by the State Treasurer as meeting the prescribed requirement. 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 municipal funds in an amount not exceeding the amount that is insured by that insurance corporation and may qualify as a municipal depository to the extent of that insurance as prescribed in Section
27-105-315
.
Codes, Hemingway's 1917, § 4251; 1930, § 4358; 1942, § 9170; Laws, 1914, ch. 253; Laws, 1988, ch. 473, § 9; Laws, 2000, ch. 408, § 17; Laws, 2007, ch. 426, § 8, eff. 3/22/2007.
Amended by Laws, 2024, ch. 445, HB 1577,§ 2, eff. 4/25/2024.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 105 - DEPOSITORIES (§§ 27-105-1 — 27-105-371) › Article 3 - DEPOSITORIES FOR FUNDS OF LOCAL GOVERNMENTS (§§ 27-105-301 — 27-105-371) › Section 27-105-355 - Security on bond

Each depository shall enter into bond, or deposit securities with the State Treasurer as required of county depositories; the bond or security to be approved by the State Treasurer.
Codes, Hemingway's 1917, § 4252; 1930, § 4359; 1942, § 9171; Laws, 1914, ch. 253; Laws, 2000, ch. 408, § 14, eff. 7/14/2001.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 105 - DEPOSITORIES (§§ 27-105-1 — 27-105-371) › Article 3 - DEPOSITORIES FOR FUNDS OF LOCAL GOVERNMENTS (§§ 27-105-301 — 27-105-371) › Section 27-105-357 - Duties of depository; penalty for making profit or removing funds

The duties of a depository are hereby made the same in respect to the municipal fund as the duties imposed upon county depositories or in respect to county funds. The penalties for making profit on or removing municipal funds are hereby made the same as those provided by law against making profit on or removing county funds.
Codes, Hemingway's 1917, § 4253; 1930, § 4360; 1942, § 9172; Laws, 1914, ch. 253.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 105 - DEPOSITORIES (§§ 27-105-1 — 27-105-371) › Article 3 - DEPOSITORIES FOR FUNDS OF LOCAL GOVERNMENTS (§§ 27-105-301 — 27-105-371) › Section 27-105-359 - Municipal withdrawal of bonds pledged or filed as security

The State Treasurer is authorized and empowered to allow municipal depositories of municipal funds of every kind and character to withdraw any bonds, including corporate surety bonds, pledged or filed or deposited as security for those deposits:
(a)
When in the opinion of the State Treasurer the deposits become reduced to such an extent as to justify the withdrawal;
(b)
Or to withdraw any such bonds or corporate surety bonds, and substitute in lieu thereof other bonds or corporate surety bonds, as the case may be.
All such bonds shall be such as are authorized by law to be pledged or filed as security for those deposits, or if a corporate surety bond, it must be made by a surety company authorized to do business in this state; and in addition, all such deposits shall be fully secured and covered as required by Section
27-105-5
.
Codes, 1942, § 9173; Laws, 1932, ch. 236; Laws, 1995, ch. 567, § 4; Laws, 2000, ch. 408, § 15, eff. 7/17/2001.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 105 - DEPOSITORIES (§§ 27-105-1 — 27-105-371) › Article 3 - DEPOSITORIES FOR FUNDS OF LOCAL GOVERNMENTS (§§ 27-105-301 — 27-105-371) › Section 27-105-361 - Banks failing to qualify, treasurer to be selected or depository designated

In the event of failure on the part of any bank in such municipality to qualify as a depository, the board of mayor and aldermen or other like governing authority of such city, town or village, hereinafter called the governing authority, may select a treasurer who shall safely keep and disburse the funds of such town, city or village according to law, and make bond for that purpose as now provided by law for such treasurers. The governing authority at any regular or special meeting may select and designate a depository or depositories into which the tax collector or collectors and auditor or auditors of said city, town or village shall deposit all tax collections and public funds, when collected and/or received, and in which the same shall thereafter be distributed, at the time or in the manner, as required by law to the several funds or accounts as now provided by law. Any depository so selected by the governing authority shall be within the State of Mississippi, and may hold such deposit or deposits at such rate of interest as may be agreed upon by the governing authority or in the discretion of the governing authority without liability for interest; but such depositories shall secure the same by pledging with the governing authority such security, in such amounts and upon such conditions as is now required by law of depositories which qualify as such by bidding therefor.
Codes, Hemingway's 1917, § 4254; 1930, § 4361; 1942, § 9174; Laws, 1914, ch. 253; Laws, 1932, ch. 225.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 105 - DEPOSITORIES (§§ 27-105-1 — 27-105-371) › Article 3 - DEPOSITORIES FOR FUNDS OF LOCAL GOVERNMENTS (§§ 27-105-301 — 27-105-371) › Section 27-105-363 - [Repealed]

Codes, Hemingway's 1917, § 4255; 1930, § 4362; 1942, § 9175; Laws, 1914, ch. 253.
Repealed by Laws, 2024, ch. 445, HB 1577,§ 3, eff. 4/25/2024.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 105 - DEPOSITORIES (§§ 27-105-1 — 27-105-371) › Article 3 - DEPOSITORIES FOR FUNDS OF LOCAL GOVERNMENTS (§§ 27-105-301 — 27-105-371) › Section 27-105-369 - Acceptance by banks of checks payable to county, municipality, political subdivision or body politic

All banks in this state are required to accept all checks and drafts that are payable to any county, municipality or any other political subdivision, or body politic, 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.
Laws, 1974, ch. 372, eff. 3/18/1974.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 105 - DEPOSITORIES (§§ 27-105-1 — 27-105-371) › Article 3 - DEPOSITORIES FOR FUNDS OF LOCAL GOVERNMENTS (§§ 27-105-301 — 27-105-371) › Section 27-105-371 - Duty to deposit funds into county depository; disposition of unidentifiable funds; duty of chancery clerk

All county officials who receive funds under the authority of their office shall deposit such funds into a county depository. Any unidentifiable funds found by the county auditor or the State Auditor in the county depository shall be settled into the general fund of the county within thirty (30) days of the determination.
Any funds settled into the general fund under the authority of this section which are later identified shall be properly disbursed by the chancery clerk after the approval of the board of supervisors.
Laws, 1986, ch. 306, eff. 10/1/1986.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 106 - IRAN DIVESTMENT ACT OF 2015 (§§ 27-106-1 — 27-106-25) › Section 27-106-1 - Short title

This chapter shall be known and may be cited as the "Iran Divestment Act of 2015."
Added by Laws, 2015, ch. 487, § 1, eff. 7/1/2015.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 106 - IRAN DIVESTMENT ACT OF 2015 (§§ 27-106-1 — 27-106-25) › Section 27-106-3 - Legislative findings

(1)
The Mississippi Legislature finds the following:
(a)
Congress and the President have determined that the illicit nuclear activities of the Government of Iran, combined with its development of unconventional weapons and ballistic missiles, and its support of international terrorism represent a serious threat to the security of the United States, Israel and other allies of the United States in Europe, the Middle East and around the world.
(b)
The International Atomic Energy Agency has called attention repeatedly to Iran's unlawful nuclear activities, and as a result, the United Nations Security Council has adopted a range of sanctions designed to encourage the Government of Iran to cease those activities and comply with its obligations under the Treaty on the Non-Proliferation of Nuclear Weapons.
(c)
On July 1, 2010, President Barack Obama signed into law H.R. 2194, the "Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010" (Public Law 111-195), which expressly authorizes states and local governments to prevent investment in, including prohibiting entry into or renewing contracts with, companies operating in Iran's energy sector with investments that have the result of directly or indirectly supporting the efforts of the Government of Iran to achieve nuclear weapons capability.
(d)
The serious and urgent nature of the threat from Iran demands that states, local governments and private institutions work together with the federal government and American allies to do everything possible diplomatically, politically and economically to prevent Iran from acquiring nuclear weapons capability.
(e)
Respect for human rights in Iran has deteriorated steadily, as demonstrated by transparently fraudulent elections and the brutal repression and murder, arbitrary arrests and show trials of peaceful dissidents.
(f)
The concerns of the State of Mississippi regarding Iran are strictly the result of the actions of the Government of Iran and should not be construed as enmity towards the Iranian people.
(2)
The intent of the Legislature is to implement the authority granted under Section 202 of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (Public Law 111-195).
Added by Laws, 2015, ch. 487, § 2, eff. 7/1/2015.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 106 - IRAN DIVESTMENT ACT OF 2015 (§§ 27-106-1 — 27-106-25) › Section 27-106-5 - Definitions

As used in this chapter, the following words and phrases have the meanings ascribed in this section unless the context clearly indicates otherwise:
(a)
"Energy sector of Iran" means activities to develop petroleum or natural gas resources or nuclear power in Iran.
(b)
"Expense" means all explicit costs associated with divesting of investments, including, but not limited to, trading costs, brokerage commissions, and any realized losses, and all implicit costs, including, but not limited to, lost opportunity costs resulting from the prohibition from making certain investments.
(c)
"Investment" means a commitment or contribution of funds or property, whatever the source, a loan or other extension of credit, and the entry into or renewal of a contract for goods or services. The term "investment" does not include indirect beneficial ownership through index funds, commingled funds, limited partnerships, derivative instruments or the like.
(d)
"Iran" includes the Government of Iran and any agency or instrumentality of Iran.
(e)
"Person" means any of the following:
(i)
A natural person, corporation, company, limited liability company, business association, partnership, society, trust or any other nongovernmental entity, organization or group; or
(ii)
Any governmental entity or instrumentality of a government, including a multilateral development institution, as defined in Section 1701(c)(3) of the International Financial Institutions Act (
22 U.S.C. § 262r(c)(3)
).
Added by Laws, 2015, ch. 487, § 3, eff. 7/1/2015.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 106 - IRAN DIVESTMENT ACT OF 2015 (§§ 27-106-1 — 27-106-25) › Section 27-106-7 - Persons engaged in investments

For purposes of this chapter, a person engages in investment activities in Iran if the person provides goods or services valued at Twenty Million Dollars ($20,000,000.00) or more in the energy sector of Iran, including a person that provides oil liquefied natural gas tankers or products used to construct or maintain pipelines used to transport oil or liquefied natural gas for the energy sector of Iran.
Added by Laws, 2015, ch. 487, § 4, eff. 7/1/2015.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 106 - IRAN DIVESTMENT ACT OF 2015 (§§ 27-106-1 — 27-106-25) › Section 27-106-9 - Duties of the Executive Director of the Department of Finance and Administration

(1)
(a)
Before November 1, 2015, the Executive Director of the Department of Finance and Administration shall develop or contract to develop, using credible information available to the public, a list of persons determined to engage in investment activities in Iran, as described in this section. If the executive director elects to contract for the development of the list, the list must be developed before November 1, 2015. When completed, the list must be posted on the website of the Department of Finance and Administration.
(b)
The executive director shall update the list by July 1st of every year.
(c)
Before a person is included on the finalized initial list or updated list, the executive director must do all of the following:
(i)
Provide ninety (90) days written notice of the executive director's intent to include the person on the list. The notice must inform the person that inclusion on the list will make the person ineligible to contract with the state. The notice also must specify that the person, if it ceases its engagement in investment activities in Iran, may be removed from the list.
(ii)
The executive director shall provide a person with an opportunity to comment in writing that it is not engaged in investment activities in Iran. If the person demonstrates to the executive director that the person is not engaged in investment activities in Iran, the person shall not be included on the list.
(d)
The executive director shall make every effort to avoid including a person on the list erroneously.
Added by Laws, 2015, ch. 487, § 5, eff. 7/1/2015.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 106 - IRAN DIVESTMENT ACT OF 2015 (§§ 27-106-1 — 27-106-25) › Section 27-106-11 - Annual reporting by the Executive Director of the Department of Finance and Administration

The executive director shall report annually to the Governor, Lieutenant Governor and Speaker of the House of Representatives before October 1 on the status of the federal Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (Public Law 111-195), the "Iran Divestment Act of 2015," and any rules or regulations adopted thereunder.
Added by Laws, 2015, ch. 487, § 6, eff. 7/1/2015.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 106 - IRAN DIVESTMENT ACT OF 2015 (§§ 27-106-1 — 27-106-25) › Section 27-106-13 - Limitation on the Public Employees' Retirement System and State Treasury Investments

(1)
The Public Employees' Retirement System and the State Treasurer may not invest funds with a person that is identified on a list created pursuant to Section
27-106-9
as a person engaging in investment activities in Iran, as described in Section
27-106-7
.
(2)
Any existing investments in violation of subsection (1) as of July 1, 2015, must be divested when prudent to do so but within one hundred twenty (120) days after the posting is made on the website of the Department of Finance and Administration.
Added by Laws, 2015, ch. 487, § 7, eff. 7/1/2015.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 106 - IRAN DIVESTMENT ACT OF 2015 (§§ 27-106-1 — 27-106-25) › Section 27-106-15 - Exception to investment prohibition

Notwithstanding Section
27-106-13
, an investment may be made in a person engaged in investment activities in Iran, as described in Section
27-106-7
, on a case by case basis, if:
(a)
The investment activities in Iran were made before July 1, 2015, the investment activities in Iran have not been expanded or renewed after July 1, 2015, and the person has adopted, publicized and is implementing a formal plan to cease the investment activities in Iran and to refrain from engaging in any new investments in Iran; or
(b)
The investor makes a determination that the investments are necessary in order to perform its functions.
Added by Laws, 2015, ch. 487, § 8, eff. 7/1/2015.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 106 - IRAN DIVESTMENT ACT OF 2015 (§§ 27-106-1 — 27-106-25) › Section 27-106-17 - Limitation of chapter due to fiduciary obligations

Nothing in this chapter requires the Public Employees' Retirement System of Mississippi or the State Treasurer or their agents to take any action as described in this chapter unless it is determined, in good faith, that: the action described in this chapter is consistent with the fiduciary responsibilities of the Public Employees' Retirement System of Mississippi or the State Treasurer or their agents; and there are appropriated funds of the state to absorb the expenses necessary to implement this chapter.
Added by Laws, 2015, ch. 487, § 9, eff. 7/1/2015.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 106 - IRAN DIVESTMENT ACT OF 2015 (§§ 27-106-1 — 27-106-25) › Section 27-106-19 - Indemnification of employees and officials for compliance with this chapter

Present, future and former board members, officers, employees and agents of the Public Employees' Retirement System and the Department of Finance and Administration, as well as present, future and former State Treasurers, officers and employees of the State Treasurer and agents retained by the State Treasurer, must be indemnified from the State General Fund and held harmless by the state from all claims, demands, suits, actions, damages, judgments, costs, charges and expenses, including court costs and attorney's fees, and against all liability, losses and damages of any nature whatsoever that these present, future or former board members, officers, employees, agents or contract investment managers shall or may at any time sustain by reason of any decision to restrict, reduce or eliminate investments pursuant to this chapter.
Added by Laws, 2015, ch. 487, § 10, eff. 7/1/2015.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 106 - IRAN DIVESTMENT ACT OF 2015 (§§ 27-106-1 — 27-106-25) › Section 27-106-21 - Continued application of this chapter

The restrictions established under this chapter apply only until:
(a)
The President or Congress of the United States, by means including, but not limited to, legislation, executive order or written certification, declares that divestment of the type provided for in this chapter interferes with the conduct of United States foreign policy; or
(b)
The United States revokes its current sanctions against Iran.
Added by Laws, 2015, ch. 487, § 11, eff. 7/1/2015.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 106 - IRAN DIVESTMENT ACT OF 2015 (§§ 27-106-1 — 27-106-25) › Section 27-106-23 - Notice to the Attorney General of the United States

The Secretary of State, in consultation with the Mississippi Attorney General, shall submit to the Attorney General of the United States a written notice describing this chapter before August 1, 2015.
Added by Laws, 2015, ch. 487, § 12, eff. 7/1/2015.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 106 - IRAN DIVESTMENT ACT OF 2015 (§§ 27-106-1 — 27-106-25) › Section 27-106-25 - Severability

If any section, subsection, paragraph, subparagraph, sentence, clause, phrase or word of this chapter is for any reason held to be unconstitutional or invalid, the holding shall not affect the constitutionality or validity of the remaining portions of this chapter. The Legislature hereby declares that it would have passed this chapter, and each and every section, subsection, paragraph, subparagraph, sentence, clause, phrase and word thereof, irrespective of the fact that any one or more other sections, subsections, paragraphs, subparagraphs, sentences, clauses, phrases or words thereof may be declared to be unconstitutional, invalid or otherwise ineffective.
Added by Laws, 2015, ch. 487, § 13, eff. 7/1/2015.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 107 - DISASTER RELIEF (§§ 27-107-1 — 27-107-321) › HURRICANE DISASTER OF 1969 (§§ 27-107-1 — 27-107-15) › Section 27-107-1 - Utilization of appropriated funds to assist local governing authorities to obtain federal funds for restoration purposes

For purposes of Sections 27-107-1 through
27-107-61
, the term "commission of budget and accounting" or "commission" shall mean the state fiscal management board.
The Commission of Budget and Accounting is hereby expressly authorized and empowered to utilize any funds appropriated for such purposes to make grants to boards of supervisors, boards of trustees of public schools and junior colleges, and the mayor and board of aldermen or other governing body of incorporated municipalities for the purpose of assisting such county and municipal government authorities in obtaining federal funds to be used in making repairs, renovations, restoration, construction, reconstruction and related improvements, and restoring or purchasing machinery, equipment and supplies to public office buildings, schools, courthouses, hospitals, water supplies, sewer and utility systems, streets, roads, bridges, ports and airports and other governmental facilities, all of such being publicly owned and governed by said governing authorities having statutory power thereover, which real, personal or mixed properties were either damaged, destroyed or lost as a direct result of Hurricane Camille's unprecedented devastation to the State of Mississippi on Sunday and Monday, August 17-18, 1969. Provided, however, no application shall be considered until the applicant has obtained prior approval thereof by the governor's emergency council created by Executive Order No. 49, dated September 6, 1969.
Codes, 1942, § 9117-101; Laws, 1969 Ex Sess, ch. 33, § 1; Laws, 1984, ch. 488, § 181, eff. 7/1/1984.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 107 - DISASTER RELIEF (§§ 27-107-1 — 27-107-321) › HURRICANE DISASTER OF 1969 (§§ 27-107-1 — 27-107-15) › Section 27-107-3 - Administrator of certain emergency appropriations

The Commission of Budget and Accounting is hereby made the sole administrator of the appropriation enacted during the Extraordinary Session of 1969 to implement the provisions of Sections
27-107-1
through
27-107-15
. It is authorized to utilize any of its general powers provided by Sections
27-103-1
through
27-103-75
[repealed], Mississippi Code of 1972, in making findings of fact and determinations as to the extent and degree of the damages, destruction or loss to the public properties and the dollar value thereof described in the preceding section. It shall take into consideration the appropriate economic factors, present and potential losses in city, county and state taxes, and revenues of all types, existing and subsequent federal laws, funds and programs, and other relevant facts and fiscal data in determining the amount of state grants and loans and reasonable conditions of the grants and loans made to the governing authorities of eligible counties and municipalities and the boards of trustees of public schools and junior colleges which have suffered publicly owned property loss and economic losses as a direct result of Hurricane Camille.
Codes, 1942, § 9117-102; Laws, 1969 Ex Sess, ch. 33, § 2, eff. 10/9/1969.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 107 - DISASTER RELIEF (§§ 27-107-1 — 27-107-321) › HURRICANE DISASTER OF 1969 (§§ 27-107-1 — 27-107-15) › Section 27-107-7 - Time limitation on loan applications

No application for loans or grants under authority of Sections
27-107-1
through
27-107-15
shall be filed after December 31, 1970.
Codes, 1942, § 9117-104; Laws, 1969 Ex Sess, ch. 33, § 4, eff. 10/9/1969.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 107 - DISASTER RELIEF (§§ 27-107-1 — 27-107-321) › HURRICANE DISASTER OF 1969 (§§ 27-107-1 — 27-107-15) › Section 27-107-9 - County and municipal authorities to maintain certain records

The Commission of Budget and Accounting shall require boards of supervisors and the governing authorities of municipalities to maintain such minute books and other records as said commission deems reasonable and necessary for carrying out the purposes of Sections
27-107-1
through
27-107-15
, including auditing by the state auditor of all expenditures of grants and loans made pursuant to the provisions of said sections, and also of federal grants, private gifts and donations authorized to be received hereunder.
Codes, 1942, § 9117-105; Laws, 1969 Ex Sess, ch. 33, § 5, eff. 10/9/1969.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 107 - DISASTER RELIEF (§§ 27-107-1 — 27-107-321) › HURRICANE DISASTER OF 1969 (§§ 27-107-1 — 27-107-15) › Section 27-107-11 - Borrowings from state general and special fund agencies

The Commission of Budget and Accounting, with the concurrence of the state bond commission, is hereby authorized to borrow the sum of five million five hundred thousand dollars ($5,500,000.00) from one or a multiple of "state general-fund agencies" or "state special-fund agencies" at one time or as required for the purpose of carrying out the provisions of Section
27-107-5
. Such borrowing shall be done by appropriate resolution or order of said commission, and certified copies of each such order spread upon its minutes shall be provided the executive head of the state agency, state treasurer, state auditor, attorney general and governor. Funds disbursed by the commission from said loan fund shall be as provided herein.
Codes, 1942, § 9117-106; Laws, 1969 Ex Sess, ch. 33, § 6, eff. 10/9/1969.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 107 - DISASTER RELIEF (§§ 27-107-1 — 27-107-321) › HURRICANE DISASTER OF 1969 (§§ 27-107-1 — 27-107-15) › Section 27-107-13 - State bond commission's authority

The state bond commission is hereby authorized and empowered to utilize any of its statutory powers, particularly Chapter 519, Laws of 1968, in carrying out its functions under Sections
27-107-1
through
27-107-15
, and in the repayment of principal and interest on indebtedness due the State Treasury or any general-fund agency or special-fund agency.
Codes, 1942, § 9117-107; Laws, 1969 Ex Sess, ch. 33, § 7, eff. 10/9/1969.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 107 - DISASTER RELIEF (§§ 27-107-1 — 27-107-321) › HURRICANE DISASTER OF 1969 (§§ 27-107-1 — 27-107-15) › Section 27-107-15 - Adoption of rules and regulations

The commission shall have authority to adopt reasonable rules and regulations for the purposes of Sections
27-107-1
through 27-107-15.
Codes, 1942, § 9117-108; Laws, 1969 Ex Sess, ch. 33, § 8, eff. 10/9/1969.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 107 - DISASTER RELIEF (§§ 27-107-1 — 27-107-321) › FEDERAL DISASTER RELIEF ACT OF 1970 (§ 27-107-31) › Section 27-107-31 - Authority to accept and disburse funds

The board of supervisors, mayor and aldermen or other appropriate municipal governing body, board of trustees of school districts, county board of education, county and state port authorities, county development districts, and other public agencies at the community or state level which qualify for funds and other benefits under the United States "Disaster Relief Act of 1970", are hereby authorized to do and perform every act and deed necessary by such officers to make possible the receipt and disbursements of all such funds and related benefits made available by said act.
Codes, 1942, § 9117-131; Laws, 1971, ch. 383, § 1, eff. 3/16/1971.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 107 - DISASTER RELIEF (§§ 27-107-1 — 27-107-321) › TORNADO DISASTER OF 1971 (§§ 27-107-51 — 27-107-61) › Section 27-107-51 - Utilization of appropriated funds to assist local governing authorities to obtain federal funds

The Commission of Budget and Accounting is hereby expressly authorized and empowered to utilize any funds appropriated for such purposes which said sum shall not exceed five hundred thousand dollars ($500,000.00) to make grants to boards of supervisors, boards of trustees of public schools and junior colleges, and the mayor and board of aldermen or other governing body of incorporated municipalities for the purpose of assisting such county and municipal government authorities in obtaining federal funds to be used in making repairs, renovations, restoration, construction, reconstruction and related improvements, and restoring or purchasing machinery, equipment and supplies to public office buildings, schools, courthouses, hospitals, water supplies, sewer and utility systems, streets, roads, and airports and other governmental facilities, all of such being publicly owned and governed by said governing authorities having statutory power thereover, which real, personal or mixed properties were either damaged, destroyed or lost as a direct result of a series of tornadoes which wrought unprecedented devastation to the State of Mississippi on Sunday, February 21, 1971.
Codes, 1942, § 9117-121; Laws, 1971, ch. 338, § 1, eff. 3/9/1971.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 107 - DISASTER RELIEF (§§ 27-107-1 — 27-107-321) › TORNADO DISASTER OF 1971 (§§ 27-107-51 — 27-107-61) › Section 27-107-53 - Administration of appropriation

The Commission of Budget and Accounting is hereby made the sole administrator of the appropriation enacted during the regular session of 1971 to implement the provisions of Sections
27-107-51
through
27-107-61
. It is authorized to utilize any of its general powers provided by Sections
27-103-1
through
27-103-75
[repealed], Mississippi Code of 1972, in making findings of fact and determinations as to the extent and degree of the damages, destruction or loss to the public properties and the dollar value thereof described in the preceding section. It shall take into consideration the appropriate economic factors, present and potential losses in city, county and state taxes, and revenues of all types, existing and subsequent federal laws, funds and programs, and other relevant facts and fiscal data in determining the amount of state grants and loans and reasonable conditions of the grants and loans made to the governing authorities of eligible counties and municipalities and the boards of trustees of public schools and junior colleges which have suffered publicly owned property loss and economic losses as a direct result of tornado damages on February 21, 1971.
Codes, 1942, § 9117-122; Laws, 1971, ch. 338, § 2, eff. 3/9/1971.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 107 - DISASTER RELIEF (§§ 27-107-1 — 27-107-321) › TORNADO DISASTER OF 1971 (§§ 27-107-51 — 27-107-61) › Section 27-107-57 - Counties and municipalities to maintain certain records

The Commission of Budget and Accounting shall require boards of supervisors and the governing authorities of municipalities to maintain such minute books and other records as said commission deems reasonable and necessary for carrying out the purposes of Sections
27-107-51
through
27-107-61
, including auditing by the state auditor of all expenditures of grants and loans made pursuant to the provisions of Sections
27-107-51
through
27-107-61
and also of federal grants, private gifts and donations authorized to be received hereunder.
Codes, 1942, § 9117-124; Laws, 1971, ch. 338, § 4, eff. 3/9/1971.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 107 - DISASTER RELIEF (§§ 27-107-1 — 27-107-321) › TORNADO DISASTER OF 1971 (§§ 27-107-51 — 27-107-61) › Section 27-107-59 - Borrowing from state general and special fund agencies

The Commission of Budget and Accounting with the concurrence of the state bond commission is hereby authorized to borrow the sum of five hundred thousand dollars ($500.00) from one or a multiple of "state general fund agencies" or "state special fund agencies" at one time or as required for the purpose of carrying out the provisions of Section
27-107-55
. Such borrowing shall be done by appropriate resolution or order of said commission, and certified copies of each such order spread upon its minutes shall be provided the executive head of the state agency, state treasurer, state auditor, attorney general and governor. Funds disbursed by the commission from said loan fund shall be as provided herein. The commission shall have authority to adopt reasonable rules and regulations for the purposes of Sections
27-107-51
through
27-107-61
.
Codes, 1942, § 9117-125; Laws, 1971, ch. 338, § 5, eff. 3/9/1971.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 107 - DISASTER RELIEF (§§ 27-107-1 — 27-107-321) › TORNADO DISASTER OF 1971 (§§ 27-107-51 — 27-107-61) › Section 27-107-61 - Authority of state bond commission

The state bond commission is hereby authorized and empowered to utilize any of its statutory powers, particularly Chapter 519, Laws of 1968, in carrying out its functions under Sections
27-107-51
through 27-107-61 and in the repayment of principal and interest on indebtedness due the state treasury or any general fund agency or special fund agency.
Codes, 1942, § 9117-126; Laws, 1971, ch. 338, § 6, eff. 3/9/1971.