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MS HB1724

Bill

Status

Passed

4/3/2019

Primary Sponsor

John Read

Click for details

Origin

House of Representatives

2019 Regular Session

AI Summary

  • Authorizes the City of Gautier to acquire the approximately 88-acre Singing River Mall site through purchase, lease, or other means.

  • Empowers the city to negotiate and enter into agreements with developers to acquire, construct, develop, manage, operate, or own projects on the site, including retail stores, hotels, offices, medical facilities, and residential properties.

  • Allows the city to sell, lease, or dispose of the site for up to 75 years at less than fair market value if the city determines the development will create economic growth and community benefits.

  • Exempts any bonds issued to finance the project from counting toward the city's constitutional debt limitation under Section 21-33-303, Mississippi Code.

  • Takes effect upon passage.

Legislative Description

City of Gautier; authorize sale or 75-year lease of Singing River Mall for less than fair market value to attract retail.

Last Action

Approved by Governor

4/3/2019

Committee Referrals

Local and Private3/21/2019
Local and Private Legislation3/12/2019

Full Bill Text

No bill text available