Establishes the Claiborne County Risk Compensation Fund to support safety, healthcare, education, and infrastructure in Claiborne County.
The Claiborne County Risk Compensation Fund Act creates a special fund in the State Treasury for Claiborne County, Mississippi, to support projects and programs that directly benefit the county. The fund will receive contributions from electrical utilities benefiting from the Grand Gulf Nuclear Power Plant and a percentage of revenues from nuclear in lieu tax payments. The Department of Revenue will administer the fund, which will be overseen by an advisory committee. The fund's permissible uses include public safety, healthcare, education, and infrastructure improvements.
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