MS HB1612

Authorizes Coahoma County Board of Supervisors to establish a Reserve and Trust Fund and deposit all or part of proceeds from leasing the Northwest Mississippi Regional Medical Center property into the fund.

Establishes a Board of Trustees consisting of the five serving county supervisors to manage and invest fund assets according to investment options authorized for the Mississippi Prepaid Affordable College Tuition Program, excluding covered call/put options and certain real estate investments.

Divides the fund into a corpus component (principal that remains inviolate) and an earnings component; earnings may be transferred to the county's general fund for appropriation or retained and added to corpus.

Allows the Board of Supervisors to withdraw up to 5% of corpus annually or any amount during declared state or local emergencies; withdrawals trigger a suspension of earnings distributions until the corpus is fully replenished.

Dissolves the trust if the account balance reaches zero.