- There is hereby created in the State Treasury a fund to be known as the Energy Development Fund. Monies in such fund are reserved exclusively for:
- Promoting the development of Mississippi’s energy resources.
- Developing projects under this section which will demonstrate a realistic promise of making a significant energy contribution to the State of Mississippi.
- Effectively utilizing the state’s existing alternative and conventional energy resources to foster economic and social improvements in the state.
- The division will administer the fund. The division will establish policy and guidelines for use of the fund not later than one hundred twenty (120) days after July 1, 2013.
- The division will submit to the Governor on or before December 31 of each year a comprehensive report on the operation of the fund.
