MS SB2006

Allows county boards of supervisors to determine the frequency of bidding for county fund depositories, changing from every two years to any interval not less frequently than every four years.

Requires depository selection to be based on all relevant factors including net earnings, account costs, transfer costs, banking services, and other service considerations, not just the best financial terms.

Clarifies that if a board member has a direct or indirect financial interest in a bidding bank, the board may submit the matter to the State Treasurer for decision instead of opening bids themselves.

Corrects a technical reference from "State Treasury" to "State Treasurer" in the depository selection process.

Takes effect July 1, 2020.