MS HB1577

Allows county boards of supervisors to receive bids for public depositories up to every four years instead of annually, with the board determining the specific interval.

Prohibits boards of supervisors from designating a depository during the last year of a four-year term.

Requires municipalities to follow the same bidding intervals as counties when selecting depositories for public funds.

Repeals Section 27-105-363 to eliminate a duplicate process provision that allowed counties and municipalities to follow identical depository selection procedures.