1997 Regular Session
To: Judiciary A
By: Representative McCoy
House Bill 503
AN ACT TO AMEND SECTION 41-29-140, MISSISSIPPI CODE OF 1972, TO REVISE PENALTIES FOR THE USE OF FUNDS DERIVED FROM THE COMMISSION OF FELONY DRUG OFFENSES; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. Section 41-29-140, Mississippi Code of 1972, is amended as follows:
41-29-140. (a) Except as otherwise authorized by the Uniform Controlled Substances Law, it is unlawful for any person to:
(1) Knowingly or intentionally receive or expend funds which he knows to be derived from the commission of a felony offense under the provisions of Section 41-29-139; or
(2) Finance or invest funds which he knows to be intended to further the commission of a felony under the provisions of Section 41-29-139.
(b) Any person who violates subsection (a) of this section is guilty of a felony and, upon conviction, may be sentenced to the custody of the State Department of Corrections for not more than twenty (20) years or fined not more than One Million Dollars ($1,000,000.00), or both.
SECTION 2. This act shall take effect and be in force from and after July 1, 1997.