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MS HB766
Bill
Status
3/19/2018
Primary Sponsor
Tom Weathersby
Click for details
AI Summary
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Department of Finance and Administration is authorized to acquire three properties near the Capitol Complex in Jackson for the Mississippi Fair Commission: the Regency Hotel Tract (6.15 acres at 400 Greymont Avenue), the Patel Tract (2.53 acres on Greymont Avenue), and the Dennery's Restaurant property (3.41 acres plus 0.09 acres easement at 330 Greymont Avenue)
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Purchase price cannot exceed fair market value as determined by averaging two appraisals from qualified, licensed Mississippi appraisers, with one appraiser selected by the Department of Finance and Administration
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Department of Finance and Administration may correct discrepancies in the legal descriptions of the three properties
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State shall acquire all mineral rights in the properties, which must be retained by the state in any subsequent agreement to sell or lease the properties
Legislative Description
MS Fair Commission; authorize to purchase certain property located in City of Jackson and contiguous to the State Fairgrounds.
Last Action
Approved by Governor
3/19/2018