Bidding terms for public deposits; amend when depository is designated during the last year of a board of supervisor's term of office.

SB 2506 modifies Mississippi's rules for county public deposit bidding. It requires that when a county board of supervisors selects a new financial institution to hold public funds during the final year of their four-year term, the new agreement must last less than four years (instead of the usual four-year maximum). This change directly affects county boards of supervisors and financial institutions bidding for county deposit contracts. The key provision shortens the contract term specifically for these last-year selections to prevent long-term commitments by boards nearing the end of their term.