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MS HB372

Bill

Official Source

Status

Failed

3/1/2022

Primary Sponsor

Manly Barton

Click for details

Origin

House of Representatives

2022 Regular Session

AI Summary

  • Allows boards of education to lease sixteenth section land classified as industrial, commercial, or recreational to municipalities or counties at annual rental rates below the standard 5% of current market value minimum
  • The reduced rental rate exception only applies when the municipality or county uses the leased land for a public purpose
  • Amends Section 29-3-63 of the Mississippi Code of 1972 governing sixteenth section and lieu land leases
  • Effective date: July 1, 2022

Legislative Description

Sixteenth section land; authorize leasing of certain classified land to cities/counties for less than 5% of market value.

Last Action

Died In Committee

3/1/2022

Committee Referrals

Public Property2/15/2022
County Affairs1/5/2022

Full Bill Text

No bill text available