MS SB2869

Board of Trustees of State Institutions of Higher Learning is authorized to enter into a long-term services agreement with private or nonprofit entities for operation, repairs, maintenance, or capital improvements of University of Southern Mississippi's utility systems for up to 50 years.

Services agreement is classified as a personal service contract and is exempt from state procurement requirements under Mississippi Code Section 31-7-13.

Approved services agreements cannot be cancelled by successor boards based on the binding successor doctrine, providing contractual protection across board transitions.

University utility system operations, repairs, and maintenance revert to the university at the end of the agreement term, and the utility system property remains exempt from ad valorem taxation.

University may negotiate all agreement terms and conditions with board approval, including allowing the private or nonprofit entity to pledge its interest under the agreement to secure its obligations.