MS SB2086

Amends Section 37-29-143 of the Mississippi Code to require county tax collectors (instead of boards of supervisors) to transmit community college district tax revenues directly to the college president or chief executive officer.

Tax collectors must submit monthly written, affidavit-verified reports to the community college president detailing all tax revenues received for the prior month and pay over all collected taxes directly to the district.

All funds collected must be deposited in banking institutions and public depositories previously selected by the community college board of trustees and authorized through board minutes.

Community college boards of trustees may require employees, presidents, and fiscal agents to file surety bonds to ensure faithful performance of duties related to receiving and expending district funds.

Effective date is July 1, 2014.