The agreement between the board and the city, county or other authorized port or harbor agency shall provide that a fair and proportionate part of the expense of the board administering this chapter, shall be considered a part of the cost of the development or operation of the planned development and such costs shall be paid into a separate state fund in the state treasury, to be known as the state ports fund. Such fund shall be used by the board for the promotion, development, construction, improvement, expansion, maintenance, advertising, and general advancement of the state harbors, ports, rivers, channels, and waterways and may be expended on requisition of the board for such purposes and such other purposes as in the opinion of the board is to the best interest of the ports, harbors, and waterways of this state. The salaries of all officers, employees, or agents of the board, performing duties required by this chapter, and all other expenses incidental to the port, harbor, or waterway operation of the board shall be fixed by the board and payable out of said fund. The board may contract with one or more state port authorities, or any city, county or other authorized port or harbor agency for any joint activity or for the joint employment of personnel with the expense of the activity or salary of such personnel to be paid by the board from operational funds provided by the contracting parties.
Structure Mississippi Code
Title 59 - Ports, Harbors, Landings and Watercraft
Chapter 5 - State Ports and Harbors
§ 59-5-1. Short title; definition of "board"
§ 59-5-3. Declaration of public policy
§ 59-5-7. Activities of board and state port authority pursuant to chapter as governmental functions
§ 59-5-11. General powers of board; lands subject to jurisdiction and control of board
§ 59-5-13. Acceptance of grants and contributions
§ 59-5-21. Operation by state port authority of ports or harbors acquired by or conveyed to state
§ 59-5-23. Authorization of contracts, etc., for improvement, operation, etc., of port or harbor
§ 59-5-27. Bond of members of port or harbor agency
§ 59-5-29. Increase in membership of county port authority upon issuance of bonds
§ 59-5-33. State ports fund; joint activities or employment of personnel
§ 59-5-39. Acquisition of rights of way, land, etc.
§ 59-5-41. State bonds; issuance, terms, and conditions; interim financing of construction projects
§ 59-5-43. Negotiability of bonds; exemption from taxation
§ 59-5-45. Manner and price of sale of bonds; interest; maturity and redemption
§ 59-5-47. Disposition of proceeds of bonds
§ 59-5-49. Validation of bonds
§ 59-5-51. Payment of interest and principal on bonds; limitation on amount of bonds issued
§ 59-5-53. Withdrawals of bond proceeds from special fund
§ 59-5-55. Use of net revenues, rents, and earnings from state owned ports
§ 59-5-59. Allocation of revenues, rents and earnings to payment of bonds; sinking fund
§ 59-5-63. Bonds as legal investments and securities for deposits of public funds