MS SB2930

Amends the Coahoma County Reserve and Trust Fund to authorize the Board of Trustees to delegate to investment advisors the power to assign, transfer, and dispose of fund securities and investments, subject to majority board approval.

Clarifies that the earnings component of the fund consists of all income earned on the corpus component and that corpus may be used to pay management expenses if earnings are insufficient.

Allows the Board of Supervisors to transfer up to 100% of earnings from the fund to the county's general fund for appropriation and spending, with any untransferred earnings added to the corpus.

Permits the Board of Supervisors to withdraw up to 5% of corpus annually or any amount during declared emergencies; earnings disbursements cease and income is retained to repay corpus until it returns to pre-withdrawal levels.

Provides that the trust dissolves and the authorizing law is repealed if the trust account balance reaches zero.