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MS SB2634
Bill
AI Summary
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Creates the Gulf Coast Restoration Reserve Fund in the State Treasury to receive settlement payments from BP for economic damages related to the 2010 Deepwater Horizon oil spill
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Requires the State Fiscal Officer to transfer all Deepwater Horizon settlement funds from the Budget Contingency Fund into the Gulf Coast Restoration Reserve Fund as soon as practicable after deposit
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Designates funds in the Restoration Reserve Fund for projects that will benefit the Mississippi Gulf Coast
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Amends Section 27-103-302 of Mississippi Code to direct transfer of settlement funds to the Gulf Coast Restoration Reserve Fund for legislative appropriation
Legislative Description
BP Settlement Funds; transfer into Gulf Coast New Restoration Reserve Fund.
Last Action
Died In Committee
2/28/2017