MS HB538

Requires any county withdrawing from the Pat Harrison Waterway District to satisfy all financial obligations before withdrawal becomes effective at the close of the fiscal year.

Withdrawing counties remain responsible for paying their proportional share of district bonds, contractual obligations, and other outstanding indebtedness as determined by independent audit.

Withdrawing counties may appropriate funds, levy taxes, or borrow money as needed to pay their portion of district liabilities and obligations.

Requires the Pat Harrison Waterway District board of directors to annually prepare and file a five-year prioritized plan of projects with member county and municipality clerks, and with the Chairmen of the House and Senate Appropriations Committees by July 15 each year.

Takes effect July 1, 2023.