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MS HB688
Bill
Status
3/9/2022
Primary Sponsor
Rob Roberson
Click for details
AI Summary
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Extends the repeal date for restrictions on public land purchases by corporations and nonresident aliens from July 1, 2022 to July 1, 2025
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Prohibits corporations and nonresident aliens from directly or indirectly purchasing public lands, with patents issued in violation being void
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Banking corporations may purchase tax-forfeited lands they previously owned or held mortgages on, regardless of acreage limitations
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Nonresident aliens may acquire up to 320 acres of public lands for industrial development and up to 5 acres for residential purposes; industrial lands revert to the public body if no longer used for industrial purposes
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Nonbanking corporations may purchase tax-forfeited lands but remain subject to acreage limitations under Section 29-1-73
Legislative Description
Public lands; extend repealer on statute prohibiting corporations and nonresident aliens from purchasing.
Last Action
Died On Calendar
3/9/2022