Mississippi Code
Chapter 61 - Expenditure of School Funds; Budgets
§ 37-61-8. State Board of Education to prescribe method of examination of school district ending fund balances

The State Board of Education shall adopt rules and regulations prescribing the method by which school district ending fund balances are examined for fiscal stability. Failure to comply with any of the rules and regulations established by the State Board of Education with regard to ending fund balances shall constitute a violation of the Mississippi Public School Accountability Standards.