SEC. 27-59-321. Deposit and distribution of funds.

(1) Except as otherwise provided in subsection (2) of this section, the proceeds of the tax levied in this article shall be deposited by the commission into the State Treasury to the credit of the General Fund, and such proceeds are hereby designated as public funds of the State of Mississippi and shall be by it deposited in accordance with Section 27-3-57, Mississippi Code of 1972.

(2) The proceeds of the tax on locomotive fuel shall be deposited by the commission into the Railroad Revitalization Fund established in Section 57-43-1, Mississippi Code of 1972.

SOURCES: Laws, 1989, ch. 462, Sec. 11; 1991, ch. 484, Sec. 1, eff from and after July 1, 1992

1997 Amendment:

SECTION 2. Section 2, Chapter 484, Laws of 1991, as amended by Section 1, Chapter 386, Laws of 1995, as amended by Section 1, Chapter 477, Laws of 1996, which repeals effective June 30, 1997, Section 27-59-321, Mississippi Code of 1972, which provides that the proceeds of certain fuel taxes shall be deposited into the General Fund and that the tax on locomotive fuel shall be deposited in the Railroad Revitalization Fund, is repealed.

SOURCES: 1997 Laws, Chapter 369, Sec. 1, HB851, and Chapter 369, Sec. 2, HB851, Effective June 30, 1997.