Senate Bill 2281

AN ACT TO PROVIDE THAT SUBMERGED LOGS SHALL NOT BE REMOVED FROM PUBLIC TRUST TIDELANDS OR SUBMERGED LANDS UNLESS APPROVED BY THE OFFICE OF THE SECRETARY OF STATE THROUGH A PUBLIC TRUST TIDELANDS LEASE WITH THE STATE OF MISSISSIPPI, BY AND THROUGH THE SECRETARY OF STATE, THAT AUTHORIZES THE REMOVAL OF SUBMERGED LOGS WITHIN A SPECIFIED AREA AND FOR A SPECIFIED LENGTH OF TIME; TO PROVIDE THAT THE LESSEE SHALL PAY TO THE SECRETARY OF STATE AN APPRAISED LEASEHOLD INTEREST FOR USE OF THE REMOVAL AREA AS SET FORTH IN THE LEASEHOLD AGREEMENT PLUS 15% OF THE STUMPAGE VALUE RECEIVED BY THE LESSEE FROM THE RECOVERED SUBMERGED LOGS; TO REQUIRE LESSEES TO POST A PERFORMANCE BOND TO ENSURE COMPLIANCE WITH THE CONDITIONS AND LIMITATIONS SET FORTH IN THE LEASEHOLD AGREEMENT; TO PROVIDE THAT THE SECRETARY OF STATE SHALL ALLOCATE AND PAY ANY FUNDS DERIVED FROM THE PUBLIC TRUST TIDELANDS LEASE FOR THE RECOVERY AND SALE OF SUBMERGED LOGS TO THE SCHOOL DISTRICT IN WHICH THE TIDELANDS OR SUBMERGED LANDS SUBJECT TO THE PUBLIC TRUST TIDELANDS LEASE ARE LOCATED; TO PROVIDE THAT THE FUNDS PAID TO A SCHOOL DISTRICT MAY BE EXPENDED FOR THE SAME PURPOSES FOR WHICH SIXTEENTH SECTION LAND EXPENDABLE FUNDS MAY BE EXPENDED; AND FOR RELATED PURPOSES.

In the Senate

• Tommy A. Gollott

  Sponsor

l9n doesn't hold this bill's text yet.

In the Senate Jan 21 – Feb 5

1. Jan 21Referred to the Senate committees on Ports and Marine Resources and on Judiciary, Division A
2. Feb 5Died in committee in the Senate