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MS SB2081
Bill
AI Summary
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Authorizes the Mississippi Department of Mental Health to sell up to three facilities located on the East Mississippi State Hospital campus.
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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.
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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.
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Specifies that title to the buildings reverts to the Department of Mental Health or the State of Mississippi upon completion of lease payments.
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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