Senate Bill 2542

AN ACT TO AMEND SECTION 7-9-11, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE STATE TREASURER SHALL PROVIDE FOR THE CONTINUING SUPPORT OF STATE BOOKS; TO AUTHORIZE THE STATE TREASURER TO COLLECT MANAGEMENT AND TRANSACTIONAL FEES FOR SERVICES RENDERED IN CONJUNCTION WITH SERVICES REQUIRED UNDER THIS SECTION; AND FOR RELATED PURPOSES.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

SECTION 1. Section 7-9-11, Mississippi Code of 1972, is amended as follows:

7-9-11. (1) It shall be the duty of the State Treasurer to state in the books of the Treasury, separately and distinctly, the amount of money received by him on account of state taxes, debts, or on any account whatever for or on behalf of the state, and also an account of the sums he shall pay out of the same, so that the net produce of the whole revenue, and of every branch thereof, and the amount of disbursements and payments of the several demands on the Treasury may clearly and distinctly appear.

(2) The State Treasurer shall provide for the continuing support of the management of books including all transactions associated with funds, the amount of money received on account of state taxes, debts, or on any account whatever for or on behalf of the state and also an account of the sums payable out the same, so that payment of the several demands on the Treasury may clearly and distinctly appear from funds appropriated for those purposes by the Legislature and/or from income earned through processing fees.

(3) The State Treasurer may collect management and transactional fees for services rendered. The State Treasurer may collect management and transactional fees for service rendered in conjunction with services required under this section. The amounts of such fees shall be set by the State Treasurer, and all such fees collected shall be paid into the State Treasury Special Fund.

SECTION 2. This act shall take effect and be in force from and after July 1, 2014.