Senate Bill 2763 Summary

• Authorizes the Department of Finance and Administration to purchase the "Landmark Center" property at 175 East Capitol Street in Jackson, Mississippi, to serve as the Department of Revenue's new headquarters building.

• Limits the purchase price to the average value of two appraisals of the property.

• Authorizes acquisition of approximately 600 parking spaces in the building complex or adjacent parking structure at a listed monthly rate for a twenty-year period.

• Amends Chapter 480, Laws of 2011, to remove $3,000,000 in state general obligation bond authority previously allocated for a Department of Revenue headquarters building, reducing total bond authorization from $230,175,000 to $227,175,000.

• Reduces the allocation to the Department of Revenue from $21,975,000 to $18,975,000 in the 2011 IHL and State Agencies Capital Improvements Fund.