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MS SB2226

Bill

Status

Failed

2/4/2014

Primary Sponsor

Russell Jolly

Click for details

Origin

Senate

2014 Regular Session

AI Summary

  • Amends Chapter 558, Laws of 2012 to create a special fund in the State Treasury called the "Deepwater Horizon Oil Disaster Fund" for all settlement and damage recovery funds from the Deepwater Horizon oil spill.

  • Directs 50% of fund monies to the Mississippi Department of Transportation for maintenance of roads of greatest need in the state highway system, as determined by the Mississippi Transportation Commission.

  • Directs 50% of fund monies to be transferred to counties for county highway system maintenance, with each county receiving an equal annual amount distributed by the Mississippi Transportation Commission.

  • Excludes any settlement funds that are required to be paid to other public entities from deposit into the fund.

  • Takes effect upon passage.

Legislative Description

"Deepwater Horizon Oil Disaster Fund"; all funds received by state shall be appropriated for state and county road maintenance.

Last Action

Died In Committee

2/4/2014

Committee Referrals

Appropriations1/10/2014

Full Bill Text

No bill text available