MS SB2283

Increases general obligation bonds authorized for the Mississippi Department of Marine Resources from $30 million to $50 million.

Allocates up to $18 million of bond proceeds for Point Cadet Marina improvements including piers, docks, bulkheads, University of Southern Mississippi research vessel facilities, commercial and recreational vessel facilities, public fishing pier on the marine breakwater, and dredging operations.

Requires the Department of Marine Resources to consult with and obtain approval from the City of Biloxi regarding design and specifications for capital improvements at Point Cadet Marina.

Creates the "Department of Marine Resources Equipment and Facilities Fund" as a special state treasury fund to receive bond proceeds and disburse funds for equipment, repairs, facility construction, and administration expenses.

Establishes bonds as general obligations of Mississippi with full faith and credit pledge; bonds mature within 25 years and are exempt from state taxation.