On the receipt of an application from any county or agency authorized under the laws of the State of Mississippi to operate or support a port or harbor project, or any part thereof, the board shall cause an independent determination and appraisal to be made of such analysis and survey, and the plan for the improvement, operation, development and expansion of such port or harbor, or any part thereof, and if the board shall find and determine that the plan for the improvement, operation, development or expansion of such port or harbor, or any part thereof, is practical and feasible and is in the public interest, and that such port or harbor, or any part thereof, can be operated economically under state ownership, and that the revenues therefrom would be sufficient, over a period of time, to make such ownership and/or operation by the state self-liquidating, then the board, in its discretion, may negotiate with such participating counties as required by this chapter or other authorized agency on the terms of an agreement for the acquisition by the state of such port or harbor, or any part thereof. The board may modify the proposed plan for the improvement, operation, development or expansion of such port or harbor, or any part thereof, and may impose such terms and conditions as, in its discretion, it may require to protect the interest of the state. Any agreement reached between the board and the participating counties, or other authorized agency, shall be reduced to writing.
Structure Mississippi Code
Title 59 - Ports, Harbors, Landings and Watercraft
Chapter 17 - State Inland Ports
§ 59-17-1. Short title; "board" defined
§ 59-17-3. Declaration of public policy
§ 59-17-7. Functions of board and inland port as essential governmental functions
§ 59-17-11. Condition precedent to board action
§ 59-17-15. Acceptance of grants and contributions by board
§ 59-17-19. Tax levy by counties for payment of bonds
§ 59-17-25. Organization of state inland port authority; oath and bond of members
§ 59-17-29. Setting aside or leasing of lands and facilities by board
§ 59-17-35. State bonds; issuance, terms, and conditions generally
§ 59-17-37. State bonds; negotiability; exemption from taxation
§ 59-17-39. State bonds; proceedings for issuance; validation
§ 59-17-41. State bonds; payment of principal and interest; limitation on amount issued
§ 59-17-43. State bonds; manner and price of sale
§ 59-17-45. State bonds; disposition of proceeds from sale
§ 59-17-47. Withdrawals from special fund for payment of bonds
§ 59-17-49. Disposition of net revenues, rents, and earnings from port or harbor
§ 59-17-51. Pledge of revenues, rents and earnings to payment of bonds; sinking fund
§ 59-17-55. Bonds as legal investments and security for deposits
§ 59-17-57. Representation of state bond commission by attorney general