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MS HB1240
Bill
Status
2/4/2014
Primary Sponsor
Earle Banks
Click for details
AI Summary
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Removes the condition that required certain real property in Hinds County sold to Jackson revert to the state if not used for park purposes, eliminating the state's reversionary interest in the land.
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Authorizes the Department of Finance and Administration to execute a corrected deed to the City of Jackson reflecting the removal of the use condition on approximately 313 acres originally sold by the State Mineral Lease Commission.
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Brings forward Chapter 395, Laws of 1946, which authorized a corrected deed to fix a typographical error in the original property description from Chapter 442, Local and Private Laws of 1944.
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Preserves the state's reservation of all oil, gas, and mineral rights in the property, with ingress and egress rights for exploration and production, subject to city consent for well or mine locations.
Legislative Description
City of Jackson; remove condition imposed by the state upon certain real property sold to creating a reversionary interest to the state.
Last Action
Died In Committee
2/4/2014