MS SB2930

Amends the Lafayette County Reserve and Trust Fund to include capital gains in the definition of "income" derived from fund investments.

Makes appointment of an advisory committee optional rather than required for the Board of Supervisors.

Establishes that the Board of Trustees shall meet at least once annually and clarifies that all meetings are governed by Mississippi's open meetings law.

Defines the earnings component as 3% of the full fund balance calculated at the end of each fiscal year, with remaining investment income retained in the corpus component; prohibits distribution of earnings if the full fund balance falls below the initial deposit amount.

Authorizes the Board of Trustees to delegate investment authority to investment advisors and allows expenditure from the corpus component to cover management costs if the earnings component is insufficient.