Bill Text: MS SB2898 | 2012 | Regular Session | Enrolled

Mississippi Senate Bill 2898 (Prior Session Legislation)

Bill Title: Budget Contingency Fund; all funds received by State from settlement in connection with oil spill shall be deposited into.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Enrolled - Dead) 2012-05-08 - Due From Governor 05/25/12 [SB2898 Detail]

Download: Mississippi-2012-SB2898-Enrolled.html

MISSISSIPPI LEGISLATURE

2012 Regular Session

To: Appropriations

By: Senator(s) Hopson, Wiggins

Senate Bill 2898

(As Sent to Governor)

AN ACT TO PROVIDE THAT ALL FUNDS RECEIVED BY THE STATE OF MISSISSIPPI THROUGH A NEGOTIATED SETTLEMENT FOR ECONOMIC DAMAGES IN CONNECTION WITH THE DEEPWATER HORIZON OIL SPILL SHALL BE DEPOSITED INTO THE BUDGET CONTINGENCY FUND FOR APPROPRIATION BY THE LEGISLATURE; AND FOR RELATED PURPOSES.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

SECTION 1. All funds received by or on behalf of the State of Mississippi through a negotiated settlement for economic damages in connection with the explosion on, and sinking of, the mobile offshore drilling unit Deepwater Horizon, except for any funds that are required by the settlement to be paid to any other public entity, shall be deposited into the Budget Contingency Fund for appropriation by the Legislature.

SECTION 2. This act shall take effect and be in force from and after its passage.