In the event no three (3) counties shall contract on the basis provided for in Section 59-17-19, then any master water management district may be considered an authorized agency and may enter into a contract with the board whereby they must agree to underwrite any deficits incurred from the operation of the port and/or obligations incurred by the board for the port authority. The board will contract with a master water management district only after they have been convinced that adequate security has been furnished the board to protect the state’s investment.
Miss. Code Ann. § 59-17-21
Contract with master water management district to underwrite financial obligations for project
Known as the State Inland Ports Law
The act spans §§ 59–59 (29 sections).
Codes, 1942, § 7623-06; Laws, 1968, ch. 430, § 6; Laws, 1984, ch. 488, § 258, eff from and after July 1, 1984.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.