The making of profit, directly or indirectly, by the State Treasurer, tax collector, treasurer of any board of trustees, or any officers whatsoever, out of any money belonging to the state, with the custody of which the state treasurer is charged, by loaning or otherwise using it, or depositing the same in any manner contrary to law, or a removal by the State Treasurer, or by his consent, of such money or a part thereof, and placing it elsewhere than as provided by law, shall constitute a felony, and, on conviction thereof, shall subject the treasurer or other officer to imprisonment in the state penitentiary for a term not exceeding two (2) years or a fine not exceeding five thousand dollars ($5,000.00), or by both such fine and imprisonment; and the treasurer or other officer offending shall be liable upon his official bond for all profits realized from such unlawful use of such funds.
Structure Mississippi Code
Title 27 - Taxation and Finance
Article 1 - State Depositories
§ 27-105-1. State Depository Commission to mean State Treasurer; depositories for state funds
§ 27-105-5. Qualification as public funds depository; authority of State Treasurer; definitions
§ 27-105-7. Bonds offered for security; how dealt with
§ 27-105-9. Application for keeping state funds; pro rata allocation
§ 27-105-11. Commission issued depository
§ 27-105-15. Record of proceedings
§ 27-105-17. Employees; regulations
§ 27-105-19. All moneys received to be receipted for in triplicate
§ 27-105-21. Deposits at interest of certain funds with state depositories; reports
§ 27-105-23. How tax collectors may make settlements
§ 27-105-27. Loan of state funds unlawful or removal of same a felony
§ 27-105-29. Failure to perform duty under this article a misdemeanor
§ 27-105-31. Governor and treasurer to count depository receipts as cash
§ 27-105-33. Deposit and investment of excess state funds
§ 27-105-35. Commission meetings and duties
§ 27-105-37. Acceptance by banks of checks payable to state agency