HB1650: Coahoma County; provide trustees of county reserve and trust fund may use portion of fund to repair county owned "Federal Building".
Legislative Summary
An Act To Amend Chapter 912, Local And Private Laws Of 2013, As Last Amended By Chapter 926, Local And Private Laws Of 2023, Which Establishes The Coahoma County Reserve And Trust Fund; To Provide That Upon A Majority Vote Of The Trustees Of The Fund, Who Are The Board Of Supervisors Of Coahoma County, Mississippi, Such Trustees May Withdraw A Certain Amount From The Corpus Component Of The Trust To Make Repairs To The County Owned Building Known As The "federal Building"; To Provide That If Any Portion Of The Corpus Component Is Withdrawn, Then Annual Disbursements Of The Earnings Components Shall Not Exceed 50% And A Minimum Of 50% Shall Be Retained By The Trustees Of The Fund, And Repaid To The Corpus Until Such Time As The Corpus Component Equals Its Full Amount Before The Withdrawal; And For Related Purposes.
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Bill History
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