MS SB2743

Expands investment authority for the Mississippi Prepaid Affordable College Tuition Trust Fund's board of directors to include agency and nonagency mortgage-backed securities, convertible bonds, and taxable municipal bonds.

Increases maximum stock investments from 50% to 70% of total fund market value and raises the per-corporation investment limit from 3% to 5% of fund assets.

Authorizes investments in non-United States company stocks and convertible securities through foreign or domestic banks using foreign exchange instruments, with foreign investments capped at 30% of total fund market value (increased from 20%).

Increases real estate fund investment limit from 5% to 10% of total fund market value and adds new category allowing up to 10% in alternative investments managed by registered investment advisors or limited partnerships.

Effective July 1, 2016.