County depositories; revise interval of time for accepting bids from financial institutions in certain years.

HB 1325 revises Mississippi's process for counties to select financial institutions to hold public funds (county depositories). It removes a previous ban on county boards of supervisors designating a depository during the final year of their four-year term and sets a maximum 24-month notice period for publishing bid opportunities during that time. The bill requires boards to publish notice to federally insured banks, receive bids at designated meetings, and select depositories based on factors like security, fees, and service quality, while ensuring no conflicts of interest. This directly affects county boards of supervisors and financial institutions seeking to serve as county depositories.