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MS SB2004
Bill
Status
3/11/2022
Primary Sponsor
Angela Turner-Ford
Click for details
AI Summary
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Extends the automatic repeal date for Mississippi Code Section 29-1-75 from July 1, 2022 to July 1, 2026
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Maintains existing restrictions prohibiting corporations, nonresident aliens, and associations composed of nonresident aliens from purchasing public lands in Mississippi
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Continues allowing banking corporations to purchase tax-forfeited lands they previously owned or held mortgages on, regardless of acreage limitations
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Permits nonresident aliens to acquire up to 320 acres of public lands for industrial development and up to 5 acres for residential purposes
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Requires land acquired by nonresident aliens for industrial development to escheat back to the selling public body if no longer used for that purpose
Legislative Description
Public lands; extend repealer on section prescribing who may purchase.
Last Action
Approved by Governor
3/11/2022