MS SB2796

Authorizes the Board of Trustees of State Institutions of Higher Learning to acquire and sell real property on behalf of five Mississippi universities: Mississippi University for Women, University of Southern Mississippi, Delta State University, Jackson State University, and Mississippi Valley State University

Allows universities to acquire property through purchase, gift, or other means without requiring state funds specifically appropriated for purchases, with acquisitions requiring presidential recommendation and board approval

Requires property sales to be at or above fair market value as determined by a professional appraiser approved by the Department of Finance and Administration, with the appraisal filed at least 30 days before sale

Mandates that appraisal fees be split equally between the university and purchaser, and that the State of Mississippi retain any mineral rights in sold property

Permits proceeds from property sales to be used for purchasing other real property or retained by the university for operations