SB 2843 Mississippi Senate · 2025 Regular Session

State Treasury Efficiency Act; enact.

SB 2843, the "State Treasury Efficiency and Transparency Act," requires all Mississippi state agency funds - both inside and outside the State Treasury - to be held in interest-bearing accounts. It mandates that funds within the State Treasury be pooled into investment accounts managed by the Treasurer when feasible, and directs an annual review to identify "idle" funds (those with no activity except interest earnings) for potential consolidation or closure. State agencies must report detailed fund information to the Treasurer by 2025, with annual reports to the Legislative Budget Office starting in 2028. The bill directly affects all state agencies managing public funds, aiming to ensure idle money earns interest and improve fiscal transparency.
Bill status died 3 of 5 stages cleared
Introduction
Feb 2025
Committee Review
Feb 2025
Senate Passage
Feb 2025
House Passage
Governor
Introduced Feb 7, 2025 Last action Mar 4, 2025
Maddy AI version diff · 1 comparison

What changed between versions

As Introduced Current version · 4 edits
MODERATE
The bill was amended from its original 'As Introduced' version to the 'As Passed the Senate' version. The substantive policy content remains largely the same, but the formatting was standardized, page headers were removed, and the effective date was added as a new Section 5. The Senate version also corrected some formatting inconsistencies and added clarity to the reporting requirements.
TIMELINE

Added Section 5 establishing that the act takes effect on July 1, 2025, which was not present in the original version.

TECHNICAL

Removed page headers, footers, and tracking numbers that were present in the original version but not part of the actual legislative text.

Standardized formatting of section headers and removed inconsistent line breaks and spacing from the original version.

Corrected some formatting issues in the bill title and summary lines to match standard legislative formatting.

Floor votes · Senate Feb 6, 2025

How they voted

510
Passed
Total votes 51
Feb 6, 2025
D Democratic16
16 Yea
100% Yea
R Republican35
35 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
6
Key actions
2
Committee
3
Feb 14, 2025
Committee
Referred To State Affairs;Accountability, Efficiency, Transparency
lower
Feb 7, 2025
Introduced
Transmitted To House
upper
Feb 6, 2025
Upper · Passed
Passed
upper
Jan 30, 2025
Upper · Passed
Title Suff Do Pass
upper
Jan 20, 2025
Committee
Referred To Appropriations
upper
1 primary · 1 co-sponsor

Sponsors