MS SB2894

Jackson State University, in consultation with the Board of Trustees of State Institutions of Higher Learning, is authorized to sell, transfer, and convey specified tax-forfeited real property in Hinds County when no longer needed for university purposes or when a sale would benefit the university.

Property may be sold without appraisal and without monetary consideration to homeowners and qualified entities according to a prioritized preference structure: adjacent homeowners first, then neighborhood homeowners, then recreational/educational organizations, then community land trusts, then any Jackson city resident.

University must advertise intent to sell for three consecutive weeks through public postings in Jackson, newspaper publication, and outreach to local homeowners and community organizations.

Sales proceeds must be deposited into a special fund designated by the Board of Trustees and used for the university's benefit; university officials cannot derive personal economic benefit from sales.

Authority to sell the specified properties expires July 1, 2020, and the university is encouraged to promote similar sales procedures by affiliated entities holding tax-forfeited property.