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MS HB1505
Bill
Status
3/6/2012
Primary Sponsor
John Hines
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AI Summary
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Authorizes the Secretary of State, with Governor approval, to lease any available state lands for wind power generation projects, with authority to negotiate lease terms and ancillary agreements
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Limits combined primary and renewal lease terms to a maximum of 50 years for wind farm projects
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Requires periodic rental adjustments throughout lease terms, which may include base rent, bonus payments, percentage of income, royalties, or combinations thereof
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Reserves all oil, gas, and mineral rights to the State of Mississippi and prohibits sale or transfer of title to any state prison lands leased for wind projects
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Deposits lease revenues to the General Fund unless the Legislature has designated specific state land revenues for a special fund, with the Secretary of State authorized to charge administrative fees not exceeding costs
Legislative Description
Wind farms; authorize Secretary of State to lease or rent certain state lands for establishment of for power generation.
Last Action
Died In Committee
3/6/2012