MS SB2262

Creates the "Public Trust Tidelands Assessments Fund" in the State Treasury to be administered by the Secretary of State as trustee, with funds used exclusively for preserving and protecting tidelands and submerged lands in the three most southern counties of Mississippi.

Directs funds derived from Public Trust Tidelands assessments to be deposited into the special fund, with a specific purpose of ensuring uninterrupted annual state payments for the purchase of Deer Island until the transaction is completed.

Allocates deposited funds to cover administrative costs for the Department of Marine Resources, with remaining funds used for tidelands management programs including conservation, reclamation, preservation, acquisition, education, public access enhancement, and related public improvement projects.

Requires the Department of Marine Resources to make progress payments in installments to political subdivisions or agencies based on verified work completed and materials used, and to use appropriated funds as match or leverage for federal and other available funds.

Takes effect July 1, 2025.