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Finance COMMITTEE SUBSTITUTE FOR SENATE BILL NO.
Finance SENATE BILL NO.
2887 AN ACT TO AMEND SECTION 27-105-33, MISSISSIPPI CODE OF 1972, TO MODIFY CERTAIN PROVISIONS CONCERNING THE DEPOSIT AND INVESTMENT OF EXCESS STATE FUNDS BY THE STATE TREASURER;
2887 (As Sent to Governor) AN ACT TO AMEND SECTION 27-105-33, MISSISSIPPI CODE OF 1972, TO MODIFY CERTAIN PROVISIONS CONCERNING THE DEPOSIT AND INVESTMENT OF EXCESS STATE FUNDS BY THE STATE TREASURER;
TO AMEND SECTION 27-104-7, MISSISSIPPI CODE OF 1972, TO SPECIFY THAT CERTAIN PUBLIC PROCUREMENT REVIEW BOARD PROVISIONS DO NOT IMPAIR OR LIMIT THE AUTHORITY OF THE STATE TREASURER TO ENTER INTO ANY PERSONAL OR PROFESSIONAL SERVICES CONTRACTS INVOLVING THE MANAGEMENT OF TRUST FUNDS, AN AUTHORITY COMPARABLE TO THAT GRANTED TO THE BOARD OF TRUSTEES OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM;
TO AMEND SECTION 27-104-7, MISSISSIPPI CODE OF 1972, AS AMENDED BY HOUSE BILL NO.
249, 2023 REGULAR SESSION, AND HOUSE BILL NO.
540, 2023 REGULAR SESSION, TO SPECIFY THAT CERTAIN PUBLIC PROCUREMENT REVIEW BOARD PROVISIONS DO NOT IMPAIR OR LIMIT THE AUTHORITY OF THE STATE TREASURER TO ENTER INTO ANY PERSONAL OR PROFESSIONAL SERVICES CONTRACTS INVOLVING THE MANAGEMENT OF TRUST FUNDS, AN AUTHORITY COMPARABLE TO THAT GRANTED TO THE BOARD OF TRUSTEES OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM;
It shall be the duty of the State Treasurer and the Executive Director of the Department of Finance and Administration on or about the tenth day of each month, and in their discretion at any other time, to analyze carefully the amount of cash in the General Fund of the state and in all special funds credited to any special purpose designated by the State S.
It shall be the duty of the State Treasurer and the Executive Director of the Department of Finance and Administration on or about the tenth day of each month, and in their discretion at any other time, to analyze carefully the amount of cash in the General Fund of the state and in all special S.
2887 *SS36/R1042CS.1* ~ OFFICIAL ~ G1/2 23/SS36/R1042CS.1 PAGE 1 Legislature or held to meet the budgets or appropriations for maintenance, improvements and services of the several institutions, boards, departments, commissions, agencies, persons or entities of the state, and to determine in their opinion when the cash in such funds is in excess of the amount required to meet the current needs and demands of no more than seven (7) business days on such funds and report their findings to the Governor.
2887 *SS26/R1042SG* ~ OFFICIAL ~ G1/2 23/SS26/R1042SG PAGE 1 funds credited to any special purpose designated by the State Legislature or held to meet the budgets or appropriations for maintenance, improvements and services of the several institutions, boards, departments, commissions, agencies, persons or entities of the state, and to determine in their opinion when the cash in such funds is in excess of the amount required to meet the current needs and demands of no more than seven (7) business days on such funds and report their findings to the Governor.
For the purposes of this subsection, no branch bank or branch office shall be counted as a separate depository.
For the S.
S.
2887 *SS36/R1042CS.1* ~ OFFICIAL ~ 23/SS36/R1042CS.1 PAGE 2 (b) The balance, if any, of such excess general and special funds shall be offered to qualified depositories of the state on a pro rata basis as provided in Section 27-105-9.
2887 *SS26/R1042SG* ~ OFFICIAL ~ 23/SS26/R1042SG PAGE 2 purposes of this subsection, no branch bank or branch office shall be counted as a separate depository.
(b) The balance, if any, of such excess general and special funds shall be offered to qualified depositories of the state on a pro rata basis as provided in Section 27-105-9.
(d) To the extent that the State Treasurer shall find that general and special funds cannot be invested pursuant to paragraphs (a), (b) and (c) of this section for the stated maturity up to one (1) year, the Treasurer may invest such funds, together with any other funds required for current operation, as determined pursuant to this section, in the following:
(d) To the extent that the State Treasurer shall find that general and special funds cannot be invested pursuant to paragraphs (a), (b) and (c) of this section for the stated maturity up to one (1) year, the Treasurer may invest such funds, S.
S.
2887 *SS36/R1042CS.1* ~ OFFICIAL ~ 23/SS36/R1042CS.1 PAGE 3 (i) Time certificates of deposit or interest-bearing accounts with qualified state depositories.
2887 *SS26/R1042SG* ~ OFFICIAL ~ 23/SS26/R1042SG PAGE 3 together with any other funds required for current operation, as determined pursuant to this section, in the following:
(i) Time certificates of deposit or interest-bearing accounts with qualified state depositories.
or United States governmental agency, United States government instrumentality or United States government-sponsored enterprise obligations, the principal and interest of which are guaranteed by any United States government agency, United States government instrumentality or United States government-sponsored enterprise contained in a list promulgated by the State Treasurer.
or United States governmental agency, United States government instrumentality or United States government-sponsored enterprise obligations, the principal and interest of which are guaranteed by any United States government agency, United States S.
S.
2887 *SS36/R1042CS.1* ~ OFFICIAL ~ 23/SS36/R1042CS.1 PAGE 4 (iv) Direct security repurchase agreements and reverse direct security repurchase agreements of any federal book entry of only those securities enumerated in subparagraphs (ii) and (iii) above.
2887 *SS26/R1042SG* ~ OFFICIAL ~ 23/SS26/R1042SG PAGE 4 government instrumentality or United States government-sponsored enterprise contained in a list promulgated by the State Treasurer.
(iv) Direct security repurchase agreements and reverse direct security repurchase agreements of any federal book entry of only those securities enumerated in subparagraphs (ii) and (iii) above.
* * * A qualified public depository shall be given preference for such agreements when possible.
* * * A qualified state depository shall be given preference for such agreements when possible.
(vi) Corporate bonds and taxable municipal bonds;
S.
or corporate short-term obligations of corporations or of wholly owned subsidiaries of corporations, whose short-term obligations S.
2887 *SS36/R1042CS.1* ~ OFFICIAL ~ 23/SS36/R1042CS.1 PAGE 5 are rated A-1 or better by Standard and Poor's, rated P-1 or better by Moody's Investment Service, F-1 or better by Fitch Ratings, Ltd., or the equivalent of these ratings if assigned by another United States Securities and Exchange Commission designated Nationally Recognized Statistical Rating Organization.
2887 *SS26/R1042SG* ~ OFFICIAL ~ 23/SS26/R1042SG PAGE 5 (vi) Corporate bonds and taxable municipal bonds;
or corporate short-term obligations of corporations or of wholly owned subsidiaries of corporations, whose short-term obligations are rated A-1 or better by Standard and Poor's, rated P-1 or better by Moody's Investment Service, F-1 or better by Fitch Ratings, Ltd., or the equivalent of these ratings if assigned by another United States Securities and Exchange Commission designated Nationally Recognized Statistical Rating Organization.
The State Treasurer and the Executive Director of the Department of Finance and Administration shall review and approve the investment companies and investment trusts in which funds invested under paragraph (d) of this section may be invested.
The State Treasurer and the Executive Director of the Department of Finance and S.
The total dollar amount of funds S.
2887 *SS36/R1042CS.1* ~ OFFICIAL ~ 23/SS36/R1042CS.1 PAGE 6 invested in all open-end and closed-end management type investment companies and investment trusts at any one time shall not exceed twenty percent (20%) of the total dollar amount of funds invested under paragraph (d) of this section.
2887 *SS26/R1042SG* ~ OFFICIAL ~ 23/SS26/R1042SG PAGE 6 Administration shall review and approve the investment companies and investment trusts in which funds invested under paragraph (d) of this section may be invested.
The total dollar amount of funds invested in all open-end and closed-end management type investment companies and investment trusts at any one time shall not exceed twenty percent (20%) of the total dollar amount of funds invested under paragraph (d) of this section.
(g) Any interest-bearing deposits or certificates of deposit shall not exceed at any time the amount insured by the Federal Deposit Insurance Corporation in any one (1) banking institution, the Federal Savings and Loan Insurance Corporation in any one (1) savings and loan association, or other deposit insurance corporation approved by the State Treasurer, unless the S.
(g) Any interest-bearing deposits or certificates of deposit shall not exceed at any time the amount insured by the Federal Deposit Insurance Corporation in any one (1) banking institution, the Federal Savings and Loan Insurance Corporation in S.
2887 *SS36/R1042CS.1* ~ OFFICIAL ~ 23/SS36/R1042CS.1 PAGE 7 uninsured portion is collateralized by the pledge of securities in the manner provided by Section 27-105-5.
2887 *SS26/R1042SG* ~ OFFICIAL ~ 23/SS26/R1042SG PAGE 7 any one (1) savings and loan association, or other deposit insurance corporation approved by the State Treasurer, unless the uninsured portion is collateralized by the pledge of securities in the manner provided by Section 27-105-5.
The State Treasurer and the Executive Director of the Department of Finance and Administration shall make monthly reports to the Legislative Budget Office containing a full and S.
S.
2887 *SS36/R1042CS.1* ~ OFFICIAL ~ 23/SS36/R1042CS.1 PAGE 8 complete statement of all funds invested by virtue of the provisions of this section and the revenues derived therefrom and the expenses incurred therewith, together with all such other information as may seem to each of them as being pertinent to inform fully the Mississippi Legislature with reference thereto.
2887 *SS26/R1042SG* ~ OFFICIAL ~ 23/SS26/R1042SG PAGE 8 The State Treasurer and the Executive Director of the Department of Finance and Administration shall make monthly reports to the Legislative Budget Office containing a full and complete statement of all funds invested by virtue of the provisions of this section and the revenues derived therefrom and the expenses incurred therewith, together with all such other information as may seem to each of them as being pertinent to inform fully the Mississippi Legislature with reference thereto.
Section 27-104-7, Mississippi Code of 1972, is amended as follows:
Section 27-104-7, Mississippi Code of 1972, as amended by House Bill No.
27-104-7.
249, 2023 Regular Session, and House Bill No.
(1) (a) There is created the Public Procurement Review Board, which shall be reconstituted on January 1, 2018, and shall be composed of the following members:
540, 2023 Regular Session, is amended as follows:
2887 *SS36/R1042CS.1* ~ OFFICIAL ~ 23/SS36/R1042CS.1 PAGE 9 (i) Three (3) individuals appointed by the Governor with the advice and consent of the Senate;
2887 *SS26/R1042SG* ~ OFFICIAL ~ 23/SS26/R1042SG PAGE 9 27-104-7.
(1) (a) There is created the Public Procurement Review Board, which shall be reconstituted on January 1, 2018, and shall be composed of the following members:
(i) Three (3) individuals appointed by the Governor with the advice and consent of the Senate;
After the expiration of the initial terms, all appointed members' terms shall be for a period of four (4) years from the expiration date of the previous term, and until such time as the member's successor is duly appointed and qualified.
After the expiration of the initial terms, all appointed members' terms shall be for a period of four (4) years from the S.
(c) When appointing members to the Public Procurement Review Board, the Governor and Lieutenant Governor shall take into S.
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2887 *SS36/R1042CS.1* ~ OFFICIAL ~ 23/SS36/R1042CS.1 PAGE 10 consideration persons who possess at least five (5) years of management experience in general business, health care or finance for an organization, corporation or other public or private entity.
2887 *SS26/R1042SG* ~ OFFICIAL ~ 23/SS26/R1042SG PAGE 10 expiration date of the previous term, and until such time as the member's successor is duly appointed and qualified.
(c) When appointing members to the Public Procurement Review Board, the Governor and Lieutenant Governor shall take into consideration persons who possess at least five (5) years of management experience in general business, health care or finance for an organization, corporation or other public or private entity.
The board shall annually elect a vice chair, who shall serve in the absence of the chair.
The board shall annually S.
No business shall be transacted, including adoption of rules of procedure, without the presence of a quorum of the board.
Three (3) members shall be a quorum.
No action shall be valid unless S.
2887 *SS36/R1042CS.1* ~ OFFICIAL ~ 23/SS36/R1042CS.1 PAGE 11 approved by a majority of the members present and voting, entered upon the minutes of the board and signed by the chair.
2887 *SS26/R1042SG* ~ OFFICIAL ~ 23/SS26/R1042SG PAGE 11 elect a vice chair, who shall serve in the absence of the chair.
No business shall be transacted, including adoption of rules of procedure, without the presence of a quorum of the board.
Three (3) members shall be a quorum.
No action shall be valid unless approved by a majority of the members present and voting, entered upon the minutes of the board and signed by the chair.
The provisions of this paragraph (b) shall not apply to such contracts involving buildings and other facilities of state institutions of higher learning which are self-administered as provided under this paragraph (b) or Section 37-101-15(m);
2887 *SS36/R1042CS.1* ~ OFFICIAL ~ 23/SS36/R1042CS.1 PAGE 12 (c) Adopt regulations governing any lease or rental agreement by any state agency or department, including any state agency financed entirely by federal funds, for space outside the buildings under the jurisdiction of the Department of Finance and Administration.
2887 *SS26/R1042SG* ~ OFFICIAL ~ 23/SS26/R1042SG PAGE 12 The provisions of this paragraph (b) shall not apply to such contracts involving buildings and other facilities of state institutions of higher learning which are self-administered as provided under this paragraph (b) or Section 37-101-15(m);
(c) Adopt regulations governing any lease or rental agreement by any state agency or department, including any state agency financed entirely by federal funds, for space outside the buildings under the jurisdiction of the Department of Finance and Administration.
(d) Adopt, in its discretion, regulations to set aside at least five percent (5%) of anticipated annual expenditures for the purchase of commodities from minority businesses;
S.
however, all such set-aside purchases shall comply with all purchasing S.
2887 *SS36/R1042CS.1* ~ OFFICIAL ~ 23/SS36/R1042CS.1 PAGE 13 regulations promulgated by the department and shall be subject to all bid requirements.
2887 *SS26/R1042SG* ~ OFFICIAL ~ 23/SS26/R1042SG PAGE 13 (d) Adopt, in its discretion, regulations to set aside at least five percent (5%) of anticipated annual expenditures for the purchase of commodities from minority businesses;
however, all such set-aside purchases shall comply with all purchasing regulations promulgated by the department and shall be subject to all bid requirements.
(iv) American Indian or Alaskan Native:
S.
B.
No.
2887 *SS26/R1042SG* ~ OFFICIAL ~ 23/SS26/R1042SG PAGE 14 (iv) American Indian or Alaskan Native:
(e) In consultation with and approval by the Chairs of the Senate and House Public Property Committees, approve leases, for a term not to exceed eighteen (18) months, entered into by state agencies for the purpose of providing parking arrangements for state employees who work in the Woolfolk Building, the Carroll Gartin Justice Building or the Walter Sillers Office Building;
(f) Except as otherwise provided in subparagraph (xv) of this paragraph, promulgate rules and regulations governing the solicitation and selection of contractual services personnel, including personal and professional services contracts for any form of consulting, policy analysis, public relations, marketing, public affairs, legislative advocacy services or any other contract that the board deems appropriate for oversight, with the exception of:
(i) Any personal service contracts entered into by any agency that employs only nonstate service employees as defined in Section 25-9-107(c);
(ii) Any personal service contracts entered into for computer or information technology-related services governed by the Mississippi Department of Information Technology Services;
(iii) Any personal service contracts entered into by the individual state institutions of higher learning;
2887 *SS36/R1042CS.1* ~ OFFICIAL ~ 23/SS36/R1042CS.1 PAGE 14 (e) In consultation with and approval by the Chairs of the Senate and House Public Property Committees, approve leases, for a term not to exceed eighteen (18) months, entered into by state agencies for the purpose of providing parking arrangements for state employees who work in the Woolfolk Building, the Carroll Gartin Justice Building or the Walter Sillers Office Building;
2887 *SS26/R1042SG* ~ OFFICIAL ~ 23/SS26/R1042SG PAGE 15 (iv) Any personal service contracts entered into by the Mississippi Department of Transportation;
(f) Promulgate rules and regulations governing the solicitation and selection of contractual services personnel, including personal and professional services contracts for any form of consulting, policy analysis, public relations, marketing, public affairs, legislative advocacy services or any other contract that the board deems appropriate for oversight, with the exception of any personal service contracts entered into by any agency that employs only nonstate service employees as defined in Section 25-9-107(c), any personal service contracts entered into for computer or information technology-related services governed by the Mississippi Department of Information Technology Services, any personal service contracts entered into by the individual state institutions of higher learning, any personal service contracts entered into by the Mississippi Department of Transportation, any personal service contracts entered into by the Department of Human Services through June 30, 2019, which the Executive Director of the Department of Human Services determines would be useful in establishing and operating the Department of Child Protection Services, any personal service contracts entered S.
(v) Any personal service contracts entered into by the Department of Human Services through June 30, 2019, which the Executive Director of the Department of Human Services determines would be useful in establishing and operating the Department of Child Protection Services;
(vi) Any personal service contracts entered into by the Department of Child Protection Services through June 30, 2019;
(vii) Any contracts for entertainers and/or performers at the Mississippi State Fairgrounds entered into by the Mississippi Fair Commission;
(viii) Any contracts entered into by the Department of Finance and Administration when procuring aircraft maintenance, parts, equipment and/or services;
(ix) Any contract entered into by the Department of Public Safety for service on specialized equipment and/or software required for the operation at such specialized equipment for use by the Office of Forensics Laboratories;
(x) Any personal or professional service contract entered into by the Mississippi Department of Health or the Department of Revenue solely in connection with their respective responsibilities under the Mississippi Medical Cannabis Act from February 2, 2022, through June 30, 2026;
S.
2887 *SS36/R1042CS.1* ~ OFFICIAL ~ 23/SS36/R1042CS.1 PAGE 15 into by the Department of Child Protection Services through June 30, 2019, any contracts for entertainers and/or performers at the Mississippi State Fairgrounds entered into by the Mississippi Fair Commission, any contracts entered into by the Department of Finance and Administration when procuring aircraft maintenance, parts, equipment and/or services, any contract entered into by the Department of Public Safety for service on specialized equipment and/or software required for the operation at such specialized equipment for use by the Office of Forensics Laboratories, any personal or professional service contract entered into by the Mississippi Department of Health and/or the Department of Revenue solely in connection with their respective responsibilities under the Mississippi Medical Cannabis Act from February 2, 2022, through June 30, 2023, any contract for attorney, accountant, actuary auditor, architect, engineer, anatomical pathologist, utility rate expert services, any personal service contracts approved by the Executive Director of the Department of Finance and Administration and entered into by the Coordinator of Mental Health Accessibility through June 30, 2022, any personal or professional services contract entered into by the State Department of Health in carrying out its responsibilities under the ARPA Rural Water Associations Infrastructure Grant Program through June 30, 2026, and any personal or professional services contract entered into by the Mississippi Department of Environmental Quality in carrying out its responsibilities under S.
2887 *SS26/R1042SG* ~ OFFICIAL ~ 23/SS26/R1042SG PAGE 16 (xi) Any contract for attorney, accountant, actuary auditor, architect, engineer, anatomical pathologist, or utility rate expert services;
(xii) Any personal service contracts approved by the Executive Director of the Department of Finance and Administration and entered into by the Coordinator of Mental Health Accessibility through June 30, 2022;
(xiii) Any personal or professional services contract entered into by the State Department of Health in carrying out its responsibilities under the ARPA Rural Water Associations Infrastructure Grant Program through June 30, 2026;
(xiv) Any personal or professional services contract entered into by the Mississippi Department of Environmental Quality in carrying out its responsibilities under the Mississippi Municipality and County Water Infrastructure Grant Program Act of 2022, through June 30, 2026.
Any such rules and regulations shall provide for maintaining continuous internal audit covering the activities of such agency affecting its revenue and expenditures as required under Section 7-7-3(6)(d).
Any rules and regulation changes related to personal and professional services contracts that the Public Procurement Review Board may propose shall be submitted to the Chairs of the Accountability, Efficiency and Transparency Committees of the Senate and House of Representatives and the Chairs of the Appropriation Committees of the Senate and House of S.
2887 *SS36/R1042CS.1* ~ OFFICIAL ~ 23/SS36/R1042CS.1 PAGE 16 the Mississippi Municipality and County Water Infrastructure Grant Program Act of 2022, through June 30, 2026.
2887 *SS26/R1042SG* ~ OFFICIAL ~ 23/SS26/R1042SG PAGE 17 Representatives at least fifteen (15) days before the board votes on the proposed changes, and those rules and regulation changes, if adopted, shall be promulgated in accordance with the Mississippi Administrative Procedures Act;
Any such rules and regulations shall provide for maintaining continuous internal audit covering the activities of such agency affecting its revenue and expenditures as required under Section 7-7-3(6)(d).
and (xv) From and after July 1, 2024, the Public Procurement Review Board shall promulgate rules and regulations that require the Department of Finance and Administration to conduct personal and professional services solicitations as provided in subparagraph (i) of this paragraph for those services in excess of Seventy-five Thousand Dollars ($75,000.00) for the Department of Marine Resources, the Department of Wildlife, Fisheries and Parks, the Mississippi Emergency Management Agency and the Mississippi Development Authority, with assistance to be provided from these entities.
Any rules and regulation changes related to personal and professional services contracts that the Public Procurement Review Board may propose shall be submitted to the Chairs of the Accountability, Efficiency and Transparency Committees of the Senate and House of Representatives and the Chairs of the Appropriation Committees of the Senate and House of Representatives at least fifteen (15) days before the board votes on the proposed changes, and those rules and regulation changes, if adopted, shall be promulgated in accordance with the Mississippi Administrative Procedures Act;
Any powers that have been conferred upon agencies in order to comply with the provisions of this section for personal and professional services solicitations shall be conferred upon the Department of Finance and Administration to conduct personal and professional services solicitations for the Department of Marine Resources, the Department of Wildlife, Fisheries and Parks, the Mississippi Emergency Management Agency and the Mississippi Development Authority for those services in excess of Seventy-five Thousand Dollars ($75,000.00).
(g) Approve all personal and professional services contracts involving the expenditures of funds in excess of Seventy-five Thousand Dollars ($75,000.00), except as provided in paragraph (f) of this subsection (2) and in subsection (8);
The Department of Finance and Administration shall make any submissions that are required to be made by other agencies to the Public Procurement Review Board for the Department of Marine S.
(h) Develop mandatory standards with respect to contractual services personnel that require invitations for public bid, requests for proposals, record keeping and financial responsibility of contractors.
The Public Procurement Review Board shall, unless exempted under this paragraph (h) or under paragraph (i) or (o) of this subsection (2), require the agency involved to submit the procurement to a competitive procurement S.
2887 *SS36/R1042CS.1* ~ OFFICIAL ~ 23/SS36/R1042CS.1 PAGE 17 process, and may reserve the right to reject any or all resulting procurements;
2887 *SS26/R1042SG* ~ OFFICIAL ~ 23/SS26/R1042SG PAGE 18 Resources, the Department of Wildlife, Fisheries and Parks, the Mississippi Emergency Management Agency and the Mississippi Development Authority.
The provisions of this subparagraph (xv) shall stand repealed on June 30, 2027.
(g) Approve all personal and professional services contracts involving the expenditures of funds in excess of Seventy-five Thousand Dollars ($75,000.00), except as provided in paragraph (f) of this subsection (2) and in subsection (8);
(h) Develop mandatory standards with respect to contractual services personnel that require invitations for public bid, requests for proposals, record keeping and financial responsibility of contractors.
The Public Procurement Review Board shall, unless exempted under this paragraph (h) or under paragraph (i) or (o) of this subsection (2), require the agency involved to submit the procurement to a competitive procurement process, and may reserve the right to reject any or all resulting procurements;
(i) Agency requirements may be fulfilled by procuring services performed incident to the state's own programs.
S.
B.
No.
2887 *SS26/R1042SG* ~ OFFICIAL ~ 23/SS26/R1042SG PAGE 19 (i) Agency requirements may be fulfilled by procuring services performed incident to the state's own programs.
(j) Provide standards for the issuance of requests for proposals, the evaluation of proposals received, consideration of costs and quality of services proposed, contract negotiations, the S.
(j) Provide standards for the issuance of requests for proposals, the evaluation of proposals received, consideration of costs and quality of services proposed, contract negotiations, the administrative monitoring of contract performance by the agency and successful steps in terminating a contract;
(k) Present recommendations for governmental privatization and to evaluate privatization proposals submitted by any state agency;
(l) Authorize personal and professional service contracts to be effective for more than one (1) year provided a funding condition is included in any such multiple year contract, except the State Board of Education, which shall have the S.
2887 *SS36/R1042CS.1* ~ OFFICIAL ~ 23/SS36/R1042CS.1 PAGE 18 administrative monitoring of contract performance by the agency and successful steps in terminating a contract;
2887 *SS26/R1042SG* ~ OFFICIAL ~ 23/SS26/R1042SG PAGE 20 authority to enter into contractual agreements for student assessment for a period up to ten (10) years.
(k) Present recommendations for governmental privatization and to evaluate privatization proposals submitted by any state agency;
(l) Authorize personal and professional service contracts to be effective for more than one (1) year provided a funding condition is included in any such multiple year contract, except the State Board of Education, which shall have the authority to enter into contractual agreements for student assessment for a period up to ten (10) years.
S.
(i) For the purposes of this paragraph (o), the term "sole source" means only one (1) source is available that can provide the required personal or professional service.
(ii) An agency that has been issued a binding, valid court order mandating that a particular source or provider must be used for the required service must include a copy of the applicable court order in all future sole source contract reviews for the particular personal or professional service referenced in the court order.
(iii) Any agency alleging to have a sole source for any personal or professional service, other than those S.
2887 *SS36/R1042CS.1* ~ OFFICIAL ~ 23/SS36/R1042CS.1 PAGE 19 (i) For the purposes of this paragraph (o), the term "sole source" means only one (1) source is available that can provide the required personal or professional service.
2887 *SS26/R1042SG* ~ OFFICIAL ~ 23/SS26/R1042SG PAGE 21 exempted under paragraph (f) of this subsection (2) and subsection (8), shall publish on the procurement portal website established by Sections 25-53-151 and 27-104-165, for at least fourteen (14) days, the terms of the proposed contract for those services.
(ii) An agency that has been issued a binding, valid court order mandating that a particular source or provider must be used for the required service must include a copy of the applicable court order in all future sole source contract reviews for the particular personal or professional service referenced in the court order.
(iii) Any agency alleging to have a sole source for any personal or professional service, other than those exempted under paragraph (f) of this subsection (2) and subsection (8), shall publish on the procurement portal website established by Sections 25-53-151 and 27-104-165, for at least fourteen (14) days, the terms of the proposed contract for those services.
S.
4.
B.
No.
2887 *SS36/R1042CS.1* ~ OFFICIAL ~ 23/SS36/R1042CS.1 PAGE 20 4.
(iv) If any person or entity objects and proposes that the personal or professional service published under subparagraph (iii) of this paragraph (o) is not a sole source service and can be provided by another person or entity, then the objecting person or entity shall notify the Public Procurement Review Board and the agency that published the proposed sole source contract with a detailed explanation of why the personal or professional service is not a sole source service.
(iv) If any person or entity objects and proposes that the personal or professional service published under subparagraph (iii) of this paragraph (o) is not a sole source service and can be provided by another person or entity, then the objecting person or entity shall notify the Public Procurement S.
B.
No.
2887 *SS26/R1042SG* ~ OFFICIAL ~ 23/SS26/R1042SG PAGE 22 Review Board and the agency that published the proposed sole source contract with a detailed explanation of why the personal or professional service is not a sole source service.
The agency has the burden of proving S.
The agency has the burden of proving that the personal or professional service is only provided by one (1) source.
B.
No.
2887 *SS36/R1042CS.1* ~ OFFICIAL ~ 23/SS36/R1042CS.1 PAGE 21 that the personal or professional service is only provided by one (1) source.
(vi) The Public Procurement Review Board shall prepare and submit a quarterly report to the House of Representatives and Senate Accountability, Efficiency and Transparency Committees that details the sole source contracts presented to the Public Procurement Review Board and the reasons that the Public Procurement Review Board approved or rejected each contract.
S.
B.
No.
2887 *SS26/R1042SG* ~ OFFICIAL ~ 23/SS26/R1042SG PAGE 23 (vi) The Public Procurement Review Board shall prepare and submit a quarterly report to the House of Representatives and Senate Accountability, Efficiency and Transparency Committees that details the sole source contracts presented to the Public Procurement Review Board and the reasons that the Public Procurement Review Board approved or rejected each contract.
(3) All submissions shall be made sufficiently in advance of each monthly meeting of the Public Procurement Review Board as S.
(3) All submissions shall be made sufficiently in advance of each monthly meeting of the Public Procurement Review Board as prescribed by the Public Procurement Review Board.
If the Public Procurement Review Board rejects any contract submitted for review or approval, the Public Procurement Review Board shall clearly set out the reasons for its action, including, but not limited to, the policy that the agency has violated in its submitted contract and any corrective actions that the agency may take to amend the contract to comply with the rules and regulations of the Public Procurement Review Board.
(4) All sole source contracts for personal and professional services awarded by state agencies, other than those exempted S.
2887 *SS36/R1042CS.1* ~ OFFICIAL ~ 23/SS36/R1042CS.1 PAGE 22 prescribed by the Public Procurement Review Board.
2887 *SS26/R1042SG* ~ OFFICIAL ~ 23/SS26/R1042SG PAGE 24 under Section 27-104-7(2)(f) and (8), whether approved by an agency head or the Public Procurement Review Board, shall contain in the procurement file a written determination for the approval, using a request form furnished by the Public Procurement Review Board.
If the Public Procurement Review Board rejects any contract submitted for review or approval, the Public Procurement Review Board shall clearly set out the reasons for its action, including, but not limited to, the policy that the agency has violated in its submitted contract and any corrective actions that the agency may take to amend the contract to comply with the rules and regulations of the Public Procurement Review Board.
(4) All sole source contracts for personal and professional services awarded by state agencies, other than those exempted under Section 27-104-7(2)(f) and (8), whether approved by an agency head or the Public Procurement Review Board, shall contain in the procurement file a written determination for the approval, using a request form furnished by the Public Procurement Review Board.
and S.
and (d) Description of the efforts that were made to conduct a noncompetitive negotiation to get the best possible price for the taxpayers.
(5) In conjunction with the State Personnel Board, the Public Procurement Review Board shall develop and promulgate rules and regulations to define the allowable legal relationship between contract employees and the contracting departments, agencies and institutions of state government under the jurisdiction of the State Personnel Board, in compliance with the applicable rules and regulations of the federal Internal Revenue Service (IRS) for S.
2887 *SS36/R1042CS.1* ~ OFFICIAL ~ 23/SS36/R1042CS.1 PAGE 23 (d) Description of the efforts that were made to conduct a noncompetitive negotiation to get the best possible price for the taxpayers.
2887 *SS26/R1042SG* ~ OFFICIAL ~ 23/SS26/R1042SG PAGE 25 federal employment tax purposes.
(5) In conjunction with the State Personnel Board, the Public Procurement Review Board shall develop and promulgate rules and regulations to define the allowable legal relationship between contract employees and the contracting departments, agencies and institutions of state government under the jurisdiction of the State Personnel Board, in compliance with the applicable rules and regulations of the federal Internal Revenue Service (IRS) for federal employment tax purposes.
S.
(7) Notwithstanding any other laws or rules to the contrary, the provisions of subsection (2) of this section shall not be applicable to the Mississippi State Port Authority at Gulfport.
(8) Nothing in this section shall impair or limit the authority of the Board of Trustees of the Public Employees' Retirement System to enter into any personal or professional services contracts directly related to their constitutional obligation to manage the trust funds, including, but not limited to, actuarial, custodial banks, cash management, investment consultant and investment management contracts.
Nor shall this section impair or limit the authority of the State Treasurer to S.
2887 *SS36/R1042CS.1* ~ OFFICIAL ~ 23/SS36/R1042CS.1 PAGE 24 (7) Notwithstanding any other laws or rules to the contrary, the provisions of subsection (2) of this section shall not be applicable to the Mississippi State Port Authority at Gulfport.
2887 *SS26/R1042SG* ~ OFFICIAL ~ 23/SS26/R1042SG PAGE 26 enter into any personal or professional services contracts involving the management of trust funds, including, but not limited to, actuarial, custodial banks, cash management, investment consultant and investment management contracts.
(8) Nothing in this section shall impair or limit the authority of the Board of Trustees of the Public Employees' Retirement System to enter into any personal or professional services contracts directly related to their constitutional obligation to manage the trust funds, including, but not limited to, actuarial, custodial banks, cash management, investment consultant and investment management contracts.
Nor shall this section impair or limit the authority of the State Treasurer to enter into any personal or professional services contracts involving the management of trust funds, including, but not limited to, actuarial, custodial banks, cash management, investment consultant and investment management contracts.
2887 *SS36/R1042CS.1* ~ OFFICIAL ~ 23/SS36/R1042CS.1 ST:
2887 *SS26/R1042SG* ~ OFFICIAL ~ 23/SS26/R1042SG ST:
modify certain provisions PAGE 25 concerning the deposit and investment of excess state funds.
modify certain provisions PAGE 27 concerning the deposit and investment of excess state funds.
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