43-19-55 - Authorization to manage bank accounts for funds received as incentives from federal government and as income tax offsets. - Mississippi Statutes

§ 43-19-55. Authorization to manage bank accounts for funds received as incentives from federal government and as income tax offsets.
 

The State Department of Human Services shall be authorized in maintaining separate accounts with Mississippi banks to handle funds received as incentives from the federal government earned as a result of collecting support and also any funds maintained on deposit as a result of federal and state income tax offsets and any other relevant account, and to aggressively manage the float in these accounts so as to accrue maximum interest advantage of the funds in the account, and to retain all earned interest on these funds to be applied to defray the expenses of the Child Support Unit. 
 

Sources: Laws,  1987, ch. 323; Laws, 2003, ch. 514, § 5, eff from and after passage (approved Apr. 19, 2003.)