Mississippi legislation · 2026 Regular Session
Mississippi HB1515: Municipal annual audits; authorize certain small municipalities to prepare annual compilation report in lieu of audit.
Status: Failed, February 3, 2026
AN ACT TO AMEND SECTION 21-35-31, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT ANY MUNICIPALITY WITH A POPULATION OF 3,000 OR LESS MAY EMPLOY A COMPETENT ACCOUNTANT OR AUDITOR TO PREPARE AN ANNUAL COMPILATION REPORT AND COMPLIANCE LETTER IN LIEU OF AN ANNUAL AUDIT WHEN SUCH AUDIT WILL BE A FINANCIAL HARDSHIP ON THE MUNICIPALITY; TO PROVIDE THE PREPARATION OF SUCH REPORT AND LETTER SHALL BE PAID FOR BY THE STATE; AND FOR RELATED PURPOSES.
What the bill says
An act to amend section 21-35-31, mississippi code of 1972, to provide that any municipality with a population of 3,000 or less may employ a competent accountant or auditor to prepare an annual compilation report and compliance letter in lieu of an annual audit when such audit will be a financial hardship on the municipality; to provide the preparation of such report and letter shall be paid for by the state; and for related purposes.
From the introduced text:
AN ACT TO AMEND SECTION 21-35-31, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT ANY MUNICIPALITY WITH A POPULATION OF 3,000 OR LESS MAY EMPLOY A COMPETENT ACCOUNTANT OR AUDITOR TO PREPARE AN ANNUAL COMPILATION REPORT AND COMPLIANCE LETTER IN LIEU OF AN ANNUAL AUDIT WHEN SUCH AUDIT WILL BE A FINANCIAL HARDSHIP ON THE MUNICIPALITY; TO PROVIDE THE PREPARATION OF SUCH REPORT AND LETTER SHALL BE PAID FOR BY THE STATE; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. Section 21-35-31, Mississippi Code of 1972, is amended as follows: 21-35-31. (1) The governing authority of every municipality in the state shall have the municipal books audited annually, before the close of the next succeeding fiscal year, in accordance with procedures and reporting requirements prescribed by the State Auditor. The municipality shall pay for the audit or report out of its general fund. No advertisement shall be necessary before entering into the contract, and it shall be entered into as a private contract. The audit or report shall be made upon a uniform formula set up and promulgated by the State Auditor, as the head of the State Department of Audit, or the director *HR26/R1996* H. B. No. 1515 ~ OFFICIAL ~ G3/5 26/HR26/R1996 PAGE 1 (OM\KW) thereof, appointed by him, as …
Sponsors
- Taylor, Cheikh (D, 38) · primary sponsor
Latest actions
- : Died In Committee
- : Referred To Municipalities;Accountability, Efficiency, Transparency
Subjects: EL PASO DAYS
Common questions
- What is HB1515?
- HB1515 is a bill in the Mississippi Legislature (2026 Regular Session): Municipal annual audits; authorize certain small municipalities to prepare annual compilation report in lieu of audit.
- What does HB1515 do?
- In its own words: An act to amend section 21-35-31, mississippi code of 1972, to provide that any municipality with a population of 3,000 or less may employ a competent accountant or auditor to prepare an annual compilation report and compliance letter in lieu of an annual audit when such audit will be a financial hardship on the municipality; to provide the preparation of such report and letter shall be paid for by the state; and for related purposes.
- What is the status of HB1515?
- Failed as of February 3, 2026. Latest action: Died In Committee (February 3, 2026).
- Who sponsored HB1515?
- Taylor, Cheikh (D, 38).
- Where is the official record for HB1515?
- On the Mississippi Legislature website: http://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1515.xml
Source: official Mississippi record. Tracked by Delilah, AI for legislation across all 50 states and Congress.