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MS SB2597
Bill
Status
Engrossed
2/4/2026
Primary Sponsor
Jason Barrett
Click for details
AI Summary
- Authorizes the Mississippi Department of Finance and Administration to transfer the ABC Warehouse property at 1286 Gluckstadt Road, Madison, Mississippi, to the Madison County Economic Development Authority
- Requires the property to be sold at not less than fair market value as determined by two professional, certified general appraisers
- Allows the sale to be conducted publicly or privately, for cash or other terms deemed appropriate by the department
- State of Mississippi retains all mineral rights to the transferred property
- Net proceeds from the sale, after deducting reasonable costs and expenses, must be deposited into the State General Fund
Legislative Description
DFA; authorize the transfer and conveyance of ABC Warehouse to Madison County Economic Development Authority.
Last Action
Conferees Named Bennett,Newman,McMillan
3/12/2026
Committee Referrals
Public Property2/6/2026
Public Property1/19/2026
Full Bill Text
No bill text available