Notwithstanding any state law to the contrary, the board shall invest or cause to be invested amounts on deposit in the MACS Trust Fund, including the program account, in a manner reasonable and appropriate to achieve the objectives of the program, exercising the discretion and care of a prudent investor in similar circumstances with similar objectives. The board shall give due consideration to the risk, expected rate of return, term or maturity, diversification of total investments, liquidity and anticipated investments in and withdrawals from the MACS Trust Fund.
Structure Mississippi Code
Chapter 155 - College Savings Plans of Mississippi
Article 3 - Mississippi Affordable College Savings (MACS) Program
§ 37-155-103. Declaration of purpose
§ 37-155-107. Powers of the board of directors
§ 37-155-111. Mississippi Affordable College Savings Trust Fund
§ 37-155-115. Authority of board to invest funds in Trust Fund
§ 37-155-119. No promise or guarantee of beneficiary's admission
§ 37-155-121. No guarantee that higher education expenses will be covered in full