House Bill 1502

(As Passed the House)

AN ACT TO AUTHORIZE THE MISSISSIPPI COAST TRANSPORTATION AUTHORITY TO BEAR THE FULL COST OF PROCESSING ELECTRONIC PAYMENTS FOR PARKING GARAGE FEES, FARES, RENTAL FEES AND ADVERTISEMENT FEES THAT ARE COLLECTED BY THE AUTHORITY; AND FOR RELATED PURPOSES.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

SECTION 1. For the purposes of this section, the following terms shall have the meanings ascribed in this section:

(a) "Authority" means the Mississippi Coast Transportation Authority, doing business as Coast Transit Authority, in accordance with Sections 21-27-11 through 21-27-29.

(b) "Governing body" means the board of commissioners of the Coast Transit Authority.

(c) "Parking garage fees" means the revenue collected at any parking garage or lot owned or operated by Coast Transit Authority.

(d) "Fares" means all revenue collected by Coast Transit Authority for services provided or rendered to its customers or system users.

(e) "Rental fees" means all revenue collected by Coast Transit Authority from third parties for fees associated with renting space or rooms in any Coast Transit Authority owned or maintained building or structure.

(f) "Advertisement fees" means all revenue collected by Coast Transit Authority from third parties for the use of Coast Transit Authority property, real and personal, for advertising purposes.

SECTION 2. Upon the discretion of the governing body, the authority may bear the full cost of processing electronic payments for all parking garage fees, fares, rental fees and advertisement fees collected by the authority.

SECTION 3. This act shall take effect and be in force from and after its passage.