MS SB2766

Expands investment options for the Mississippi Prepaid Affordable College Tuition (MPACT) Program trust fund to include mortgage-backed securities, asset-backed securities, convertible bonds, and taxable municipal bonds

Increases the maximum stock investment limit from 50% to 70% of the fund's market value, and raises the foreign investment cap from 20% to 30% of total market value

Authorizes up to 10% of fund assets to be invested in alternative investments through limited partnerships or commingled funds not otherwise specifically permitted

Changes investment measurement basis from book value to market value for calculating investment limits and caps individual corporation investments at 5% (up from 3%) of fund assets

Expands real estate investment limit from 5% to 10% of total fund market value and updates credit rating requirements to include Fitch Ratings alongside Standard & Poor's and Moody's