MS HB1492

Establishes decommissioning requirements for solar power facilities 5 MW or larger, requiring grantees to remove all facility components (except lines buried more than 3 feet deep) and restore land to its pre-construction condition upon lease expiration or termination

Mandates financial assurance delivered to landowners: at least 5% of decommissioning cost at commercial operation start, 50% by year 10, and 100% by year 15

Acceptable financial assurance forms include surety bonds, irrevocable letters of credit, parent guaranties, cash, certificates of deposit, or combinations thereof

Prohibits local governments from imposing decommissioning or financial assurance requirements beyond demonstrating compliance with this act, while preserving county and municipal taxing authority under Title 27

Applies only to solar power facility agreements entered into on or after July 1, 2026, with effective date of July 1, 2026 and automatic repeal on June 30, 2026