MISSISSIPPI LEGISLATURE
2018 Regular Session
To: Ports, Harbors and Airports; Appropriations
By: Representative Calhoun
AN ACT TO REQUIRE THE STATE OF MISSISSIPPI TO PROVIDE COMPENSATION TO THE CITY OF JACKSON IN THE AMOUNT OF FIVE HUNDRED MILLION DOLLARS FOR THE ADVERSE FINANCIAL CONSEQUENCES TO THE CITY AS A RESULT OF THE TRANSFER OF THE MANAGEMENT AND CONTROL OF JACKSON-MEDGAR WILEY EVERS INTERNATIONAL AIRPORT AND HAWKINS FIELD AIRPORT FROM THE JACKSON MUNICIPAL AIRPORT AUTHORITY TO THE JACKSON METROPOLITAN AREA AIRPORT AUTHORITY; TO PROVIDE THAT THE LEGISLATURE SHALL PROVIDE FOR THE PAYMENT OF THE FULL AMOUNT OF THE REQUIRED COMPENSATION NOT LATER THAN JULY 1, 2028, OR TEN YEARS AFTER THE DATE THAT THE JACKSON MUNICIPAL AIRPORT AUTHORITY IS ABOLISHED, WHICHEVER IS LATER; TO PROVIDE THAT THE PAYMENT MAY BE PAID IN INSTALLMENTS OVER THE TEN-YEAR PERIOD; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. (1) The State of Mississippi shall provide compensation to the City of Jackson, Mississippi, in the amount of Five Hundred Million Dollars ($500,000,000.00) for the adverse financial consequences to the city as a result of the transfer of the management and control of Jackson-Medgar Wiley Evers International Airport and Hawkins Field Airport from the Jackson Municipal Airport Authority to the Jackson Metropolitan Area Airport Authority, and the transfer of all airport equipment, buildings, facilities, inventories, personnel, resources and all other property, including any pertaining to or generated from revenues of the airport, from the Jackson Municipal Airport Authority to the Jackson Metropolitan Area Airport Authority, under the provisions of Section 61-3-6.
(2) The Legislature shall provide for the payment of the full amount of the compensation required by subsection (1) of this section not later than July 1, 2028, or ten (10) years after the date that the Jackson Municipal Airport Authority is abolished under the provisions of Section 61-3-6, whichever is later. The payment may be made by appropriations, by the issuance of bonds, or both, and may be paid in installments over the ten-year period.
SECTION 2. This act shall take effect and be in force from and after July 1, 2018.