Loading chat...
MS HB1258
Bill
Status
Failed
4/2/2024
Primary Sponsor
Missy Warren McGee
Click for details
AI Summary
-
Authorizes a local school board in a municipality where Interstate 59 and U.S. Highway 49 intersect in the Broadway-West Pine redevelopment area to extend a 99-year lease of 16th section land for up to 25 additional years
-
Lease must be free and clear of all financial obligations with less than 30 years remaining on the original term to be eligible for extension
-
Extension terms and conditions must be acceptable to the board, documented as an addendum to the original lease agreement, and recorded in the board's minutes
-
Effective July 1, 2024
Legislative Description
16th section land; authorize local school board to grant an extension to holder of a long-term lease in good standing.
Last Action
Died In Committee
4/2/2024
Committee Referrals
Education3/20/2024
Education2/15/2024
Full Bill Text
No bill text available