MS HB1446

Authorizes the Board of Trustees of the Coahoma County Reserve and Trust Fund to delegate investment authority to investment advisors, subject to majority board approval.

Changes the earnings component calculation from "annual interest" to "income" earned on the corpus component, expanding the definition to include capital gains, interest, and dividends.

Permits trustees to expend from the corpus component if the earnings component is insufficient to cover fund management costs, including accounting, legal, and investment advisor fees.

Transfers authority to direct the transfer of earnings from the county clerk to the Board of Supervisors.

Removes the definition of "clerk" from the statute's terminology section.