HB 1351

AN ACT TO BE KNOWN AS THE "CLAIBORNE COUNTY RISK COMPENSATION FUND ACT"; TO CREATE A SPECIAL FUND IN THE STATE TREASURY FOR THE DEPOSIT OF CONTRIBUTIONS FROM ELECTRICAL UTILITIES BENEFITING FROM THE GRAND GULF NUCLEAR POWER PLANT AND A PERCENTAGE OF REVENUES RECEIVED BY THE DEPARTMENT OF REVENUE FROM NUCLEAR IN LIEU PAYMENTS; TO REQUIRE THE DEPARTMENT OF REVENUE TO ADMINISTER THE FUND; TO PRESCRIBE PERMISSIBLE USES OF MONIES IN THE FUND RELATING TO SAFETY, HEALTHCARE, EDUCATION AND INFRASTRUCTURE IN CLAIBORNE COUNTY; TO CREATE AN ADVISORY COMMITTEE TO OVERSEE THE FUND; TO REQUIRE AN INDEPENDENT AUDIT OF THE FUND EVERY THREE YEARS; TO AMEND SECTION 27-35-309, MISSISSIPPI CODE OF 1972, TO REQUIRE FIFTEEN PERCENT OF REVENUE COLLECTED FROM NUCLEAR IN LIEU TAX CONTRIBUTIONS TO BE PAID INTO THE RISK COMPENSATION FUND FOR CLAIBORNE COUNTY; AND FOR RELATED PURPOSES.