MS SB2887

Modifies the 80% requirement for repurchase agreements with qualified state depositories to instead give preference to state depositories when possible, removing the mandatory threshold.

Adds corporate bonds and taxable municipal bonds as authorized investment options for excess state funds, along with highly-rated corporate short-term obligations (A-1 or better by Standard and Poor's, P-1 or better by Moody's, or equivalent).

Clarifies that the Public Procurement Review Board provisions do not impair or limit the State Treasurer's authority to enter into personal or professional services contracts for trust fund management, including actuarial, custodial, cash management, investment consultant, and investment management contracts.

Removes an expired subsection (9) concerning the Department of Human Services and Department of Child Protection Services that repealed on July 1, 2022.