H.R. 3044, To approve the transfer of Yellow creek Port properties in Iuka, Mississippi

H.R. 3044

To approve the transfer of Yellow creek Port properties in Iuka, Mississippi

Date
September 15, 2014 (113th Congress, 2nd Session)

Staff Contact
Communications

Floor Situation

On Monday, September 15, 2014, the House will consider H.R. 3044, a bill To Approve the Transfer Yellow Creek Port Properties in Iuka, Mississippi, under a suspension of the rules.  H.R. 24 was introduced on August 2, 2013 by Rep. Alan Nunnelee (R-MS) and referred to the Committee on Transportation and Infrastructure, which ordered the bill reported, as amended, by voice vote.

Bill Summary

H.R. 3044 approves the conveyance of Yellow Creek Port properties in Iuka, Mississippi from the Tennessee Valley Authority (TVA) to the State of Mississippi.

Background

 The Yellow Creek Port Project is an industrial port development at the juncture of the Tennessee and Tombigbee Rivers, initiated originally by the TVA, Mississippi Development Authority, Tombigbee River Valley Water Management District, and the Yellow Creek Port Authority in 1971.[1]  The TVA has invested about $7 million to the project, while the State of Mississippi has invested about $24 million to the project.[2]  116 acres of the 289 acre property have been sold in fee.  The remaining 173 acres would comprise the land conveyance under this Act.[3]

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[1] Committee Report 113-553, at 2.
[2] See Id.
[3] See Id.

Cost

CBO estimates that this legislation would have an insignificant effect on direct spending, and would not affect revenues or discretionary spending.[4]

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[4] http://www.cbo.gov/sites/default/files/cbofiles/attachments/hr3044.pdf

Additional Information

For questions or further information contact the GOP Conference at 5-5107.