Oktibbeha County Reopens Bidding for Management of $55 Million Hospital Sale Trust Fund

On October 14, the Oktibbeha County Board of Supervisors reopened the bidding process to select an investment manager for the county's $55 million Reserve and Trust Fund, established using proceeds from the sale of OCH Regional Medical Center.

According to an October 17 report by The Commercial Dispatch, the county received no qualifying proposals during its initial solicitation, and the selection deadline had passed approximately three months earlier. The new proposal deadline is November 23, 2026, at 2 p.m. 

Why it matters to community members: The fund is intended to preserve the county's hospital-sale proceeds while generating investment earnings that may support public services, infrastructure, and other county needs. Delays in selecting a manager raise questions about potential forgone investment returns, although an actual loss amount has not been established.

Sources: The Commercial Dispatch — October 17 report · Current procurement notice · Mississippi HB 4110