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MS HB522

Bill

Official Source

Status

Failed

2/3/2026

Primary Sponsor

Kabir Karriem

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Authorizes the Mississippi Development Authority to sell real property in Lowndes County and Columbus, Mississippi, for less than fair market value at its sole discretion
  • Removes the previous requirement that property be sold for at least fair market value based on two certified appraisals
  • Directs sale proceeds to be deposited into the Mississippi Existing Industry Productivity Loan Program Bond Sinking Fund instead of the state land acquisition fund
  • Transfers authority to correct discrepancies in the property's legal description from the Department of Finance and Administration to the Mississippi Development Authority
  • Covers approximately 32.4 acres across three tracts in the Interstate City Addition area of Columbus

Legislative Description

Mississippi Development Authority; authorize to sell certain real property for less than fair market value.

Last Action

Died In Committee

2/3/2026

Committee Referrals

Public Property1/12/2026

Full Bill Text

No bill text available