Senate Bill Directs BP Settlement to Coast Fund

From:  News Release  2/8/17   GCN

JACKSON – Legislation to direct BP settlement dollars to a new Gulf Coast restoration fund heads to the House of Representatives for consideration, Lt. Gov. Tate Reeves said today.

Senate Bill 2634, by Sen. Brice Wiggins, R- Pascagoula, creates the Gulf Coast New Restoration Reserve Fund, which would hold the funds separate from general tax dollars. The bill was co-authored by Sens. Tommy Gollott, R-Biloxi; Sean Tindell, R-Gulfport; Mike Seymour, R-Vancleave; Philip Moran, R-Kiln; and Michael Watson, R-Pascagoula.

The Senate voted unanimously in favor of the legislation.

“The Mississippians most affected by the Deepwater Horizon disaster were the fishermen, hotel owners, restaurant owners and residents of the Gulf Coast,” Lt. Gov. Tate Reeves said. “In today’s polarized times, many politicians are criticized for focusing only on what is in their own best interest. Today, the Mississippi Senate voted to do what is right. Our state senators recognize a healthy Gulf Coast economy benefits the entire state.”