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MS HB1428
Bill
Status
4/2/2015
Primary Sponsor
Frank Hamilton
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AI Summary
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Authorizes the City of Olive Branch, Mississippi to enter into contracts for commercial, corporate, business or private enterprise naming rights on park buildings and structures.
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Permits naming rights contracts to extend beyond the term of office of the city officials who sign the contracts.
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Requires naming rights contracts to provide fair and adequate compensation to the City of Olive Branch in exchange for name recognition, advertising, and publicity benefits to the private enterprise.
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Allows the city to negotiate and execute naming rights contracts using the same procurement method authorized for professional services contracts.
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Effective upon passage.
Legislative Description
City of Olive Branch; authorize contracts for naming rights for the city's park buildings and structures.
Last Action
Died In Committee
4/2/2015