Mississippi § 37-106-12 - Postsecondary Education Financial Assistance Trust Fund created; components of fund; investment of principal.
Full text of Mississippi Mississippi Code of 1972 Annotated § 37-106-12 — Postsecondary Education Financial Assistance Trust Fund created; components of fund; investment of principal., with citation guidance and answers to common questions.
§ 37-106-12. Postsecondary Education Financial Assistance Trust Fund created; components of fund; investment of principal.
There is hereby created in the State Treasury a special trust fund to be known as the Postsecondary Education Financial Assistance Trust Fund. The trust fund shall consist of all monies designated by the Legislature for deposit therein and any gift, donation, bequest, trust, grant, endowment, transfer of money or securities, or any other monies from any source whatsoever, designated for deposit in the trust fund. The principal of the trust fund shall remain inviolate and shall be invested by the State Treasurer in the same manner as provided by Section 27-105-33, Mississippi Code of 1972, for the investment of excess state funds. Interest and income derived from investment of the principal of the trust fund shall be appropriated by the Legislature for expenditure as provided in this chapter.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 37-106-12
What does Mississippi Code of 1972 Annotated § 37-106-12 cover?
Section 37-106-12 ("Postsecondary Education Financial Assistance Trust Fund created; components of fund; investment of principal.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Mississippi § 37-106-12?
A common citation format is "Mississippi Code of 1972 Annotated § 37-106-12" (Mississippi). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 37-106-12 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Mississippi.