Mississippi Securities Act of 2010; create Securities Investor Education Fund for investor education initiatives.
An Act To Amend Section 75-71-601, Mississippi Code Of 1972, To Create The Securities Investor Education Fund, Into Which Shall Be Deposited Monies Derived From Late Penalties On Certain Notice Filing Fees For Federal Covered Securities; To Provide That, At The End Of A Fiscal Year, 50% Of The Amount In The Special Fund Shall Lapse Into The State General Fund, And The Remaining 50% Shall Remain In The Special Fund; To Authorize The Administrator, At Any Time, To Deposit Any Amount Of Monies In The Special Fund Into The State General Fund; To Provide That The Expenditure Of Monies In The Special Fund Shall Be Under The Direction Of The Administrator; To Authorize The Administrator To Use Monies In The Fund To Implement Certain Investor Education Initiatives; And For Related Purposes.
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