MS HB1102

Authorizes the Department of Finance and Administration, with Board of Trustees approval, to sell, transfer, and convey tax-forfeited real property and improvements owned by Jackson State University located in Jackson, Hinds County, Mississippi.

Properties may be sold without appraisal and without requiring monetary consideration; Jackson State University determines the method for receiving purchase offers (sealed, electronic, or other).

Requires three consecutive weeks of public notice through posting at three or more public places in Jackson and publication in a local newspaper before any sale can occur.

Tenants in possession of university property have no right of first refusal and must vacate within 90 days of written notice that the property has been sold.

Net proceeds from property sales, after deducting Department of Finance and Administration transaction costs, shall be deposited in a special state treasury fund for the exclusive benefit of Jackson State University; the state retains all mineral rights to sold property.