MS SB2841

Enacts the "State Treasury Efficiency and Transparency Act" requiring all state agency funds held in or outside the State Treasury to be placed in interest-bearing accounts when reasonably feasible.

Mandates state agencies report fund information to the Department of Finance and Administration and State Treasurer by September 30, 2024, including fund name, creation method, interest handling, restrictions, and justification if funds cannot be held in interest-bearing accounts.

Requires the State Treasurer to compile agency fund reports and submit recommendations to the Legislative Budget Office by December 15, 2024, including recommendations on which funds should be closed or combined.

Establishes recurring four-year reporting requirements beginning in 2028 following statewide elections, with annual reporting for any newly created funds.

Authorizes the State Fiscal Officer to disapprove State Treasury payments from agencies that fail to timely provide required fund information.