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MS SB2811
Bill
AI Summary
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Department of Finance and Administration authorized to sell state-owned real property under University of Southern Mississippi control in Jackson County, Mississippi, specifically the North 5 acres of the N1/2 S1/2 of the SW1/4, West of Saracena Road, Section 15, Township 5 South, Range 5 West.
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Property sale price must be no less than fair market value determined by averaging at least two appraisals from qualified, certified and licensed appraisers, with one selected by the Department of Finance and Administration.
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State of Mississippi retains all mineral rights to the sold property.
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Sale proceeds shall be deposited into the M.M. Roberts Endowment Fund administered by the University of Southern Mississippi.
Legislative Description
University of Southern Mississippi property; authorize DFA to sell and convey.
Last Action
Approved by Governor
3/20/2013