MS HB1039

Allocates one percent (1%) of fuel tax revenue from gasoline, diesel fuel, and kerosene sold within Jackson, Mississippi to the City of Jackson, effective August 15, 2016.

Funds allocated to Jackson must be dedicated solely to street construction and repair of roads, streets, and highways under the city's jurisdiction that are located adjacent to Jackson State University's campus.

Money allocated to Jackson under this provision is not considered general fund revenue and is in addition to any other funds the city receives under existing law.

Amends Section 27-65-75 of the Mississippi Code to establish the allocation mechanism and Section 27-5-101 to reference the new provision.

Effective date: July 1, 2016.