Mississippi legislation · 2026 Regular Session
Mississippi HB4110: Oktibbeha County; authorize the establishment of the Oktibbeha County Reserve and Trust Fund for deposit of net proceeds from sale of certain medical center.
Status: Signed into law, April 8, 2026
AN ACT TO AUTHORIZE AND DIRECT THE BOARD OF TRUSTEES OF OKTIBBEHA COUNTY, MISSISSIPPI, TO ESTABLISH A RESERVE AND TRUST FUND; TO PROVIDE THAT NOT LESS THAN 80% OF THE PROCEEDS FROM THE SALE OF OCH REGIONAL MEDICAL CENTER, WHICH IS OWNED BY THE COUNTY, SHALL BE DEPOSITED INTO THE FUND; TO PROVIDE FOR THE ESTABLISHMENT OF THE BOARD OF TRUSTEES OF THE RESERVE AND TRUST FUND AND PROVIDE THAT ITS MEMBERSHIP SHALL BE THE MEMBERS OF THE BOARD OF SUPERVISORS OF OKTIBBEHA COUNTY; TO REQUIRE THE TRUSTEES TO CONTRACT WITH A QUALIFIED INSTITUTION FIDUCIARY TO PROVIDE INVESTMENT MANAGEMENT AND ADVISORY SERVICES FOR THE FUND; TO PRESCRIBE CERTAIN EARNINGS AND ANNUAL DISTRIBUTIONS OF THE FUND; TO PROVIDE THAT A CERTAIN PERCENTAGE OF THE EARNINGS MAY BE TRANSFERRED TO THE OKTIBBEHA COUNTY OCH PROCEEDS FUND FOR APPROPRIATION BY THE BOARD OF SUPERVISORS FOR ANY LAWFUL COUNTY PURPOSES, INCLUDING GENERAL OPERATIONS, MAINTENANCE AND CAPITAL IMPROVEMENTS; TO PROVIDE STRICT LIMITATIONS FOR WITHDRAWALS FROM THE CORPUS; AND FOR RELATED PURPOSES.
What the bill says
An act to authorize and direct the board of trustees of oktibbeha county, mississippi, to establish a reserve and trust fund; to provide that not less than 80% of the proceeds from the sale of och regional medical center, which is owned by the county, shall be deposited into the fund; to provide for the establishment of the board of trustees of the reserve and trust fund and provide that its membership shall be the members of the board of supervisors of oktibbeha county…
From the enrolled text, April 6, 2026:
AN ACT TO AUTHORIZE AND DIRECT THE BOARD OF TRUSTEES OF OKTIBBEHA COUNTY, MISSISSIPPI, TO ESTABLISH A RESERVE AND TRUST FUND; TO PROVIDE THAT NOT LESS THAN 80% OF THE PROCEEDS FROM THE SALE OF OCH REGIONAL MEDICAL CENTER, WHICH IS OWNED BY THE COUNTY, SHALL BE DEPOSITED INTO THE FUND; TO PROVIDE FOR THE ESTABLISHMENT OF THE BOARD OF TRUSTEES OF THE RESERVE AND TRUST FUND AND PROVIDE THAT ITS MEMBERSHIP SHALL BE THE MEMBERS OF THE BOARD OF SUPERVISORS OF OKTIBBEHA COUNTY; TO REQUIRE THE TRUSTEES TO CONTRACT WITH A QUALIFIED INSTITUTION FIDUCIARY TO PROVIDE INVESTMENT MANAGEMENT AND ADVISORY SERVICES FOR THE FUND; TO PRESCRIBE CERTAIN EARNINGS AND ANNUAL DISTRIBUTIONS OF THE FUND; TO PROVIDE THAT A CERTAIN PERCENTAGE OF THE EARNINGS MAY BE TRANSFERRED TO THE OKTIBBEHA COUNTY OCH PROCEEDS FUND FOR APPROPRIATION BY THE BOARD OF SUPERVISORS FOR ANY LAWFUL COUNTY PURPOSES, INCLUDING GENERAL OPERATIONS, MAINTENANCE AND CAPITAL IMPROVEMENTS; TO PROVIDE STRICT LIMITATIONS FOR WITHDRAWALS FROM THE CORPUS; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. The Legislature finds that the net proceeds from the sale of OCH Regional Medical Center constitute a one-time asset created through decades of investment by the citizens of Oktibbeha County. It is the purpose of this act to establish the Oktibbeha …