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MississippiHB 18272025 Regular SessionHouse

City of Oxford; clarify earnings component definition and authorized contributions under municipal reserve and trust fund.

Sponsored By: Clay Deweese (Republican)

Signed by Governor

Local and Private LegislationLocal and Private

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Oxford fund sets city withdrawal limits

Each fiscal year, the fund’s earnings component equals 3% of its rolling average balance over the latest 12 quarters. Any remaining investment income stays in the fund’s principal. The trustees can use earnings for fund costs, or use principal if earnings are not enough; principal spending must be reported. The city cannot receive earnings when the year-end balance is below the fund’s initial deposit.

Sponsors & Cosponsors

Sponsor

  • Clay Deweese

    Republican • House

Cosponsors

  • Josh Hawkins

    Republican • House

Roll Call Votes

All Roll Calls

Yes: 166 • No: 0

Senate vote • 3/19/2025

Passed

Yes: 51 • No: 0

House vote • 3/11/2025

Passed

Yes: 115 • No: 0

Actions Timeline

  1. Approved by Governor

    3/28/2025legislature

  2. Enrolled Bill Signed

    3/21/2025Senate

  3. Enrolled Bill Signed

    3/21/2025House

  4. Returned For Enrolling

    3/20/2025Senate

  5. Passed

    3/19/2025Senate

  6. Title Suff Do Pass

    3/18/2025Senate

  7. Referred To Local and Private

    3/13/2025Senate

  8. Transmitted To Senate

    3/12/2025House

  9. Passed

    3/11/2025House

  10. Title Suff Do Pass

    3/6/2025House

  11. Referred To Local and Private Legislation

    2/21/2025House

Bill Text

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