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Mississippi Code 1972 (2023)
Title 21 - MUNICIPALITIES (§§ 21-1-1 — 21-47-5)
Chapter 35 - MUNICIPAL BUDGET (§§ 21-35-1 — 21-35-33)
Section 21-35-22 - Municipal Reserve Fund

Universal Citation:
MS Code § 21-35-22 (2023)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
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Any municipality in the state may establish a special fund to be known as a municipal reserve fund. Funds specifically designated by the governing authorities of a municipality for deposit in the municipality's reserve fund shall be deposited in a separate municipal account established for this purpose. The interest earned in a municipality's reserve fund shall be credited to the municipality's reserve fund. Legal expenditures shall be made from the fund upon requisition of the governing authorities of a municipality, spread on the minutes and signed by the mayor of the municipality, the secretary of the mayor, or the president of the city council or board of aldermen. A municipality may deposit funds as needed into its reserve fund.

Laws, 1999, ch. 352, § 1, eff. 7/1/1999.

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