Mississippi Administrative Code
Title 38 - Treasurer
Part 3 - Mississippi Prepaid Affordable College Tuition Program (Horizon Contracts)
Chapter 2 - Administration
Rule 38-3-2.1 - Administration

MPACT is administered by the Office of the State Treasurer under the direction of a Board of Directors. The College Savings Plans of Mississippi Board of Directors is composed of nine (9) voting members. Five (5) board members are appointed by the Governor, one (1) from each of the State's original congressional districts. The other four (4) ex-officio board members are the State Treasurer, the Executive Director of the Department of Finance and Administration, the Commissioner of Higher Education, and the Executive Director of the Community and Junior College Board. There are also four (4) legislative advisors to the Board, two (2) appointed by the Lieutenant Governor and two (2) appointed by the Speaker of the House of Representatives.

The powers of the Board are outlined in Sections 37-155-1 to 37-155-27 of the Mississippi Code (As Amended).

Miss. Code Ann. § 37-155-7, § 37-155-9 (Rev. 2003).