Any State of Mississippi warrant issued by the State Fiscal Officer against any fund in the State Treasury which has not been presented to the State Treasurer for payment within one (1) year after the last day of the month in which it was originally issued, shall be null and void, the obligation thereafter shall be unenforceable and the State Fiscal Officer shall not issue an additional warrant.
The State Fiscal Officer is authorized and directed to cancel all outstanding warrants over one (1) year old at the end of each month and shall notify the State Treasurer who shall remove such warrants from his list of outstanding warrants.
The State Fiscal Officer shall transfer the funds reflected by the cancellation of the warrant to the Abandoned Property Fund authorized by Section 89-12-37 of the Unclaimed Property Division of the State Treasury where the funds shall remain for five (5) years. After five (5) years, if the funds are unclaimed, the State Treasurer shall transfer the funds back to the original source of funds.
This section is applicable to warrants issued on and after January 1, 2000.
Structure Mississippi Code
Title 7 - Executive Department
Chapter 7 - State Fiscal Officer; Department of Audit
Article 1 - State Fiscal Officer
§ 7-7-5. Location and hours of office
§ 7-7-7. State fiscal officer to appoint necessary employees; bonds
§ 7-7-9. General accounting system
§ 7-7-11. Penalty for failure to make required reports
§ 7-7-15. State Fiscal Officer to receive all moneys for deposit in state treasury
§ 7-7-25. Record of encumbrances
§ 7-7-29. Requisitions or requests for payment of invoices
§ 7-7-31. Payroll requisitions
§ 7-7-37. Warrants; to whom payable
§ 7-7-39. Warrants to be drawn within appropriation or budget
§ 7-7-40. Authority of State Fiscal Officer to approve escalations in budgets
§ 7-7-41. Rules and regulations
§ 7-7-42. Limitation of time for payment of warrants
§ 7-7-47. Regulations and forms
§ 7-7-49. Purpose and intent of Sections 7-7-1 through 7-7-65
§ 7-7-51. Procurement and installation of necessary machines and equipment
§ 7-7-53. Bureau of Capitol Facilities to provide office space
§ 7-7-55. Accounts to be kept with counties, districts, and municipalities
§ 7-7-57. Issuance of duplicate warrants
§ 7-7-60. Petty cash funds for offices within county, municipality, or board of education
§ 7-7-63. Preservation of books and records
§ 7-7-65. Books open for inspection
§ 7-7-67. Investigation of fiscal officers and depositories
§ 7-7-69. Examination of records of various boards
§ 7-7-71. Examination of records of public officers
§ 7-7-73. Embezzlement by public officer or employee
§ 7-7-75. Suits by state auditor