Bill > SB2385

This bill, known as the Mississippi TRUST Act, aims to increase transparency and accountability in the use of public funds by governmental entities when disbursing money to charitable organizations, foreign corporations, or nonprofit corporations. It mandates that before any public funds are given out, the receiving organization must be verified as properly registered with the Secretary of State and compliant with all legal obligations, including filing required reports. Furthermore, any disbursement of public funds to these organizations must be specifically approved by the Legislature through a line-item appropriation, adhering to existing transparency requirements. The bill also amends existing laws to require nonprofit and foreign corporations to report detailed financial information, including the source and amount of public funds received, a breakdown of services provided with those funds, and any subcontracts entered into. Crucially, these organizations will now need to attest, under penalty of perjury, to the outcomes of their expenditures of public funds. Similarly, charitable organizations receiving public funds will be required to provide a detailed accounting of those funds and attest to their outcomes. The bill also clarifies that "public funds" refers to money received from the State of Mississippi or any local governmental authority within the state.

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https://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB2385.xml