MS HB1725

Eliminates per diem compensation for nongovernmental trustee members of the City of Oxford Municipal Reserve and Trust Fund, though they remain reimbursed for travel and lodging expenses.

Changes the earnings component calculation from interest income only to 3% of the full fund balance annually (rather than just the first three fiscal years), regardless of whether the corpus generated income that year.

Requires all remaining portions of annual income from fund investments to remain in the fund as part of the corpus component instead of being separately allocated.

Authorizes trustees to delegate investment authority to investment advisors, subject to majority board approval.

Adds provisions clarifying the board of trustees conducts at least one annual meeting and three other meetings yearly, with all meetings open to the public under Mississippi's open meetings law.