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MS SB2081

Bill

Status

Failed

4/1/2013

Primary Sponsor

Joey Fillingane

Click for details

Origin

Senate

2013 Regular Session

AI Summary

  • Authorizes the Mississippi Department of Mental Health to sell up to three facilities located on the East Mississippi State Hospital campus.

  • Requires the sale price to be not less than fair market value, determined by averaging two independent appraisals selected by the Department of Finance and Administration.

  • Allows the Department to lease the sold facilities back from the purchaser(s) through a lease-purchase agreement with periodic payments over a fixed term that includes the sale price plus reasonable interest.

  • Specifies that title to the buildings reverts to the Department of Mental Health or the State of Mississippi upon completion of lease payments.

  • Directs proceeds from the facility sales to be deposited in the State Treasury to the credit of the Department of Mental Health.

Legislative Description

Mississippi Department of Mental Health; authorize sale-leaseback of certain facilities.

Last Action

Died In Conference

4/1/2013

Committee Referrals

Public Property2/21/2013
Public Health and Welfare1/14/2013

Full Bill Text

No bill text available