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MS HB1086
Bill
Status
3/12/2025
Primary Sponsor
Clay Deweese
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AI Summary
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Authorizes the Board of Trustees of State Institutions of Higher Learning to enter into long-term leases of University of Mississippi property for up to 45 years, with options for two 10-year renewals and one 5-year renewal
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Covers five specific property areas: Kincannon (northern housing core), West Row, South Parking Lot, South Campus Recreation Center, and the area near Duff Center/Thad Cochran Research Center
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Permits development of academic buildings, housing, dining halls, parking facilities, retail spaces, and other facilities through public-private partnerships
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Requires all lease proceeds to be deposited into a special fund exclusively for the University of Mississippi's use and benefit
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Guarantees all leased property reverts to the university at the end of the lease term, while the State of Mississippi retains all mineral rights
Legislative Description
University of Mississippi; authorize to enter into long-term lease for public-private partnership for development of university property.
Last Action
Died On Calendar
3/12/2025