MS SB2700

Expands the "Deer Island Acquisition, Reclamation and Preservation Fund" to include Cat Island, allowing funds to be used for acquisition, reclamation, and preservation of both islands as part of the Coastal Preserve System.

Extends the timeline for Secretary of State accountability of unused bond proceeds from 5 years after bond deposit to 5 years after the effective date of this act, whichever is later.

Maintains authorization for up to $10,000,000 in general obligation bonds for the purposes of acquiring and preserving Deer Island and Cat Island.

Requires the Mississippi Commission on Marine Resources to authorize all actions related to Deer Island and Cat Island, with management by the Department of Marine Resources in cooperation with the Secretary of State.

Requires the Commission on Marine Resources to deposit funds received under Section 29-15-9 into the Bond Sinking Fund annually to pay principal and interest on authorized bonds.