MS SB2629

Authorizes Jackson State University, with Board of Trustees approval, to enter into ground leases, management agreements, and property sales with private entities for up to 40 years to develop, renovate, and construct student, faculty, staff, and visitor housing facilities

Permits the Department of Finance and Administration to sell specific state-owned parcels in Jackson, Hinds County to private developers on behalf of the university for housing construction

Requires all property sales to be at fair market value determined by averaging at least two appraisals from certified appraisers

Specifies that approved agreements cannot be voided by successor Boards of Trustees under the binding successor doctrine, ensuring long-term contract stability

Mandates that all property and improvements must be transferred to Jackson State University at no cost upon conclusion of the agreements, with the State of Mississippi retaining all mineral rights