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MS SB2274
Bill
AI Summary
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Authorizes the Mississippi Development Authority to sell, lease, foreclose, or otherwise dispose of projects or related property in its sole discretion.
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Allows the Authority to pay costs associated with property disposal including title search, title perfection, title insurance, legal fees, recording fees, and other required costs.
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Requires that any project or property disposed of must be sold for no less than the appraised fair market value.
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Exempts property disposed of by the Mississippi Development Authority under this authority from the general state land disposal requirements in Section 29-1-1.
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Takes effect July 1, 2017.
Legislative Description
Mississippi Development Authority; authorize to dispose of projects and pay certain costs related to such disposal.
Last Action
Died In Committee
3/7/2017