MS HB1027

Amends Section 27-105-33 of Mississippi Code to delete a provision that limited government agency and government sponsored enterprise investments to no more than 50% of funds with maturities of 30 days or longer.

Removes restriction on how much state excess funds can be invested in United States government agency, instrumentality, or government sponsored enterprise obligations.

Maintains all other existing provisions regarding investment of state excess funds, including allocation requirements among qualified state depositories and authorized investment vehicles.

Takes effect July 1, 2014.