All net revenues, rents, and earnings from the operation or maintenance of any state-owned inland port or harbor, or any part thereof, shall be set aside by the board exclusively for the payment of any bonds issued by the state for such port or harbor, or any part thereof, and shall not be commingled with the funds of any other port or harbor, or any part thereof, but shall be expended by the board exclusively for the payment of such bonds as provided in Section 59-17-51, and, if no such bonds be outstanding, then by the state inland port authority for the improvement, operation, advancement, development, maintenance and advertising of the port to which such funds have accrued.
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