Loading chat...
MS HB536
Bill
Status
2/28/2023
Primary Sponsor
Tom Weathersby
Click for details
AI Summary
-
Extends the original lease authority for Mississippi State University property from a total of 50 years to 65 years by adding two additional renewal options.
-
Authorizes the Board of Trustees of State Institutions of Higher Learning to grant a second 10-year renewal option and one additional renewal option not to exceed 5 years for housing and retail development.
-
Applies the extended lease terms to a 34.293-acre parcel in Starkville described by specific legal survey coordinates and situated in Oktibbeha County.
-
Allows the Board of Trustees to enter into subleases of the same property under identical extended term conditions, subject to Board approval.
-
Takes effect July 1, 2023.
Legislative Description
MSU; amend authority to enter into a long-term lease for housing and retail purpose to extend the original lease term to 65 years.
Last Action
Died In Committee
2/28/2023