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§ 65-1-701. Definitions

As used in this article: “Airport” means a publicly owned airport in Mississippi. “Fund” means the Multi-Modal Transportation Improvement Fund created in Section 65-1-703. “MDA” means the Mississippi Development Authority. “MDOT” means the Mississippi Department of Transportation. “Modes” means airports, ports, railroads and transit systems. “Port” means a public port in Mississippi. “Railroad” means a […]

§ 65-1-703. Multi-Modal Transportation Improvement Fund

There is established in the State Treasury a special fund to be designated as the “Multi-Modal Transportation Improvement Fund” into which shall be deposited such state funds as may be designated for deposit therein. Unexpended amounts remaining in the fund at the end of the state fiscal year shall not lapse into the State General […]

§ 65-1-705. Port Multi-Modal Fund Committee; Airport Multi-Modal Fund Committee; Railroad Multi-Modal Fund Committee; Public Transit Multi-Modal Fund Committee

There is hereby created the Port Multi-Modal Fund Committee whose membership shall consist of: Seven (7) directors of ports, appointed by the President of the Mississippi Water Resources Association, or their designees, as follows: three (3) directors of the coastal ports and four (4) directors of the inland river ports; The Executive Director of MDA, […]

§ 65-1-707. Allocation of funds; criteria

During each state fiscal year, MDOT shall distribute the money in the fund among the various modes as follows: Thirty-eight percent (38%) shall be distributed to ports; Thirty-four percent (34%) shall be distributed to airports; Sixteen percent (16%) shall be distributed to transit systems; and Twelve percent (12%) shall be distributed to railroads. In order […]