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MS HB556
Bill
Status
3/21/2025
Primary Sponsor
Richard Bennett
Click for details
AI Summary
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Department of Finance and Administration authorized to purchase three parcels of real property located on East Hamilton Street within the Capitol Complex in Jackson, Mississippi (303, 323, and 337 East Hamilton Street)
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Purchase price cannot exceed fair market value as determined by the average of two independent appraisals by Mississippi-licensed and certified appraisers, with at least one appraiser selected by the department
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Department authorized to negotiate all closing costs associated with acquiring the properties
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Department may correct any legal description discrepancies in the property descriptions provided in the act
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Acquired properties must be used exclusively for state office space and parking purposes
Legislative Description
DFA; authorize to purchase certain real property known as the "East Hamilton Street Properties" in the City of Jackson, Mississippi.
Last Action
Approved by Governor
3/21/2025