MS HB248

Amends Section 7-5-61 of Mississippi Code to establish the Attorney General's contingent fund as a separate account in the State Treasury with expenditures only permitted through legislative appropriation.

Requires the Attorney General to deposit all funds received by the office into the State Treasury following procedures in Sections 7-7-15 and 7-9-21, with all such funds classified as "public funds."

Applies the deposit requirement to all funds received for the office or collected on behalf of the State of Mississippi or any state agency, department, institution, or officer, regardless of source or method of receipt.

Prohibits the Attorney General from maintaining funds outside the State Treasury unless specifically authorized by law to do so.

Mandates that contractors representing the State of Mississippi in litigation deposit any monies received from court judgments or settlement agreements with the Office of the Attorney General for State Treasury deposit.

Effective date: July 1, 2013.