The treasurer of the state of Mississippi shall invest the moneys deposited in the special fund to refund the overpayment of income taxes under the provisions of Section 27-7-313. The amounts to be invested shall be determined by the treasurer and shall be in the approximate amount of the total moneys deposited in said special fund less the anticipated refunds to be made within the following ninety-day period. Such funds shall be invested by said treasurer in short-term bonds, treasury bills, or other direct obligations of the United States of America, or any national or state banks in the state of Mississippi.
Structure Mississippi Code
Title 7 - Executive Department
§ 7-9-3. Vaults to operate with timelock
§ 7-9-5. Deputy state treasurer and other personnel
§ 7-9-11. Separate and distinct accounts of various sources of revenue
§ 7-9-12. Establishment of clearing accounts and bank accounts; bad checks
§ 7-9-13. Receipts and payments only on warrant; exception for electronic funds transfer
§ 7-9-15. All warrants paid to be registered
§ 7-9-17. Duplicate receipts given when payment made into treasury
§ 7-9-19. States taxes collected paid direct to treasurer
§ 7-9-21. State officials to pay in collections
§ 7-9-23. Custodian of specified trust funds
§ 7-9-24. Refunds to state agencies for excess public utility charges
§ 7-9-25. Depository for federal-aid road funds
§ 7-9-27. Investment of special fund to refund overpayment of income taxes
§ 7-9-29. Payment of interest and bonds
§ 7-9-31. Cancellation of bonds and interest coupons
§ 7-9-32. Destruction of paid state warrants
§ 7-9-33. Receipted lists of cancelled bonds and coupons
§ 7-9-34. Destruction of paid and cancelled bonds and coupons
§ 7-9-35. Unexpended balances of appropriations
§ 7-9-41. Lump-sum withdrawals from treasury
§ 7-9-43. Contracts with selected depositories
§ 7-9-45. Monthly verification with auditor
§ 7-9-47. Reports to the legislature