HB 622

AN ACT TO PROVIDE THAT THE MISSISSIPPI DEPARTMENT OF TRANSPORTATION, A POLITICAL SUBDIVISION OF THE STATE OR A MUNICIPALITY OF THE STATE MAY FORM A PUBLIC-PRIVATE PARTNERSHIP FOR A HIGHWAY, ROAD, BRIDGE OR OTHER ASSET IMPROVEMENT BY WHICH THE DEPARTMENT, POLITICAL SUBDIVISION OR MUNICIPALITY MAY NEGOTIATE FOR PRIVATE FUNDING ASSISTANCE TOWARD A HIGHWAY, ROAD, BRIDGE OR OTHER ASSET IMPROVEMENT IN EXCHANGE FOR NAMING RIGHTS OF THE SECTION OF HIGHWAY, ROAD, BRIDGE OR OTHER ASSET FOR WHICH THE PRIVATE FUNDING ASSISTANCE WAS PROVIDED; TO PROHIBIT THE COMMISSION FROM APPROVING AND THE DEPARTMENT FROM ENTERING INTO ANY AGREEMENT WITH AN ENTITY WHOSE PRODUCTS ARE ILLEGAL FOR USE BY MINORS; TO PRESCRIBE THE PURPOSES FOR WHICH FUNDS DERIVED FROM SUCH AGREEMENTS FOR NAMING RIGHTS MAY BE USED; TO CREATE A SPECIAL FUND IN THE STATE TREASURY FOR THE DEPOSIT OF SUCH FUNDS TO BE RETAINED AND MANAGED BY THE DEPARTMENT FOR THE PURPOSES OF THIS ACT; AND FOR RELATED PURPOSES.