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MS SB2226
Bill
AI Summary
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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.
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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.
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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.
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Excludes any settlement funds that are required to be paid to other public entities from deposit into the fund.
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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