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MS SB3099
Bill
AI Summary
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Authorizes the Coahoma County Board of Supervisors, acting as trustees of the Coahoma County Reserve and Trust Fund, to withdraw up to $500,000 from the fund's corpus to supplement the county general fund for fiscal year 2018-2019 due to nonpayment or delayed payment of lease proceeds caused by Curae Health, Inc. bankruptcy.
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Requires any lease payments received from the Northwest Mississippi Regional Medical Center lease agreement (dated December 28, 1995) to be repaid to the fund to restore the corpus.
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Suspends annual earnings component distributions to the county general fund until the corpus is fully replenished to its pre-withdrawal amount.
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Amends Chapter 912, Local and Private Laws of 2013, as previously amended by Chapter 909, Local and Private Laws of 2014.
Legislative Description
Coahoma County; authorize reserve and trust fund trustees to use certain amount to supplement county general fund.
Last Action
Approved by Governor
3/29/2019