Senate Bill 2675

AN ACT TO CREATE A PUBLIC BODY CORPORATE AND POLITIC TO BE DESIGNATED AS THE MISSISSIPPI GULF COAST ECONOMIC RESTORATION TRUST, WHICH IS DESIGNED TO BE A PILOT PROJECT FOR CREATION OF A PERPETUAL TRUST; TO PROVIDE THAT $25,000,000.00 OF THE FUNDS RECEIVED FROM THE BP ECONOMIC DAMAGES SETTLEMENT AGREEMENT BE APPROPRIATED TO THE MISSISSIPPI GULF COAST ECONOMIC RESTORATION TRUST; TO PROVIDE FOR A BOARD OF TRUSTEES TO SERVE AS THE GOVERNING BODY OF THE MISSISSIPPI GULF COAST ECONOMIC RESTORATION TRUST; TO PROVIDE FOR THE COMPOSITION AND POWERS OF THE BOARD OF TRUSTEES; TO REQUIRE THAT THE BOARD OF TRUSTEES ESTABLISH CRITERIA AND RULES FOR APPLICATION FOR AND INVESTMENT OF FUNDS FOR ECONOMIC DEVELOPMENT PROJECTS OF REGIONAL SIGNIFICANCE TO CREATE NEW PERMANENT JOBS AND EXPANSION OF SALES AND INCOME TAX RECEIPTS FOR THE STATE TREASURY AND SALES AND PROPERTY TAX RECEIPTS FOR MUNICIPALITIES, COUNTIES AND SCHOOL DISTRICTS; TO PROVIDE THAT THE BOARD OF TRUSTEES MAY CONTRACT WITH THE MISSISSIPPI DEPARTMENT OF MARINE RESOURCES FOR CERTAIN ADMINISTRATIVE SERVICES; TO PROVIDE FOR AN ECONOMIC RECOVERY ADVISORY BOARD; AND FOR OTHER PURPOSES.

In the Senate

• Sean J. Tindell

  Sponsor

l9n doesn't hold this bill's text yet.

In the Senate Jan 16 – Jan 31

1. Jan 16Referred to the Senate committee on Appropriations
2. Jan 31Died in committee in the Senate