Loading chat...

MS SB2874

Bill

Status

Failed

3/3/2026

Primary Sponsor

Chad Mcmahan

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Authorizes the Mississippi State Treasurer to contract with a public or private minting company to produce one-ounce gold and silver commemorative coins for the state
  • Coins must be minted to standards similar to American Gold Eagles and Silver Eagles, featuring the Great Seal of Mississippi on one side and the magnolia flower on the reverse
  • Required design elements include "State of Mississippi," "In God We Trust," and the minting year, with no monetary value stated and no human images permitted
  • State Treasurer may accept pre-orders and payments, with coins sold at no less than metal cost plus fees; 80% of profits go to the State General Fund while 20% covers administrative costs
  • Takes effect July 1, 2026, but contains a contradictory repeal date of June 30, 2026

Legislative Description

Gold and Silver Commemorative Coin Act; enact.

Last Action

Died In Committee

3/3/2026

Committee Referrals

Accountability, Efficiency, Transparency2/16/2026
Finance1/19/2026

Full Bill Text

No bill text available