SB 2002 — BP Settlement Funds; deposit into State BP Settlement Fund and Gulf Coast Restoration Fund.

SB2002 (As SentPassed tothe Governor)Senate) - 2018 1st Extraordinary Session MISSISSIPPI LEGISLATURE 1st Extraordinary Session To:

Senator(s) Gollott, Wiggins, Moran, Watson, Carter, Seymour, Blackwell, Chassaniol, Dearing, DeBar, Fillingane, Hill, Jackson (11th), Jackson (32nd), Michel, Simmons (13th) Senate Bill 2002 (As SentPassed tothe Governor)Senate) AN ACT AMEND SECTION 27-103-302, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT FROM AND AFTER SEPTEMBER 1, 2018, ALL BP OIL SPILL SETTLEMENT FUNDS RECEIVED BY THE STATE SHALL BE DEPOSITED INTO THE STATE BP SETTLEMENT FUND AND THE GULF COAST RESTORATION FUND;

     SECTION 7.  (1)  Applicants who are eligible for assistance under this section include, but are not limited to, local units of government, nongovernmental organizations, institutions of higher learning, community colleges, ports, airports, public-private partnerships, private for-profit entities, private nonprofitnon profit entities and local economic development entities.  Projects that are eligible for assistance under this section are projects that have the potential to generate increased economic activity in the region, as described in Section 8(3) of this act.

     (2)  Applicants who are eligible for assistance under this section include, but are not limited to, local units of government, nongovernmental organizations, institutions of higher learning, community colleges, ports, airports, public-private partnerships, private for-profit entities, private nonprofitnon profit entities, and local economic development entities.

and                    (o)  Projects that provide outcome and return on investment measures, to be judged by clear performance metrics, over the duration of the project or program.

     Section 9.  (1)  A special fund, to be designated the "2018 Transportation and Infrastructure Improvements Fund," is created within the State Treasury, which shall consist of funds made available by the Legislature in any manner and funds from any other source designated for deposit into such fund.  The fund shall be maintained by the State Treasurer as a separate and special fund, separate and apart from the General Fund of the state. state. Unexpended amounts remaining in the fund at the end of a fiscal year shall not lapse into the State General Fund, and any interest earned or investment earnings on amounts in the fund shall be deposited into such fund.       (2)  Monies deposited into the fund shall be * * * expended, upon appropriation by the Legislature, for infrastructure projects and/or other projects that are economically beneficial that are otherwise provided by law to be funded by monies in this fund.

 Unexpended amounts remaining in the fund at the end of a fiscal year shall not lapse into the State General Fund, and any interest earned or investment earnings on amounts in the fund shall be deposited into such fund.       (2)  Monies deposited into the fund shall be * * * expended, upon appropriation by the Legislature, for infrastructure projects and/or other projects that are economically beneficial that are otherwise provided by law to be funded by monies in this fund.

(b) (b) To To assist in paying the costs associated with preconstruction, design, engineering, land acquisition, right-of-way acquisition, construction and development of the Reunion Parkway project from Bozeman Road to Parkway East in Madison County, Mississippi.................................................

                   (uuu)  To assist the Division of State Aid Road Construction in paying the costs associated with the completion of construction repairs on Parks Road in Drew, Mississippi................................

          (hhhh) (hhhh) To To assist Hancock County, Mississippi, in paying the costs associated with replacement of a bridge on Kiln-Delisle Road located approximately one (1) mile from West Hancock Elementary School...................

          (rrrr)  To assist Jones County, Mississippi, in paying the costs associated with repair and replacement of the Ellisville - Tuckers Crossing Bridge in Jones County.....................................County....................................

$1,200,000.00.$ 1,200,000.00.