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MS HB8
MS HB8UMMC property; revise leasing authority by removing certain minimum requirements of improvements to development.
summary
Introduced
01/05/2021
01/05/2021
In Committee
02/16/2021
02/16/2021
Crossed Over
02/04/2021
02/04/2021
Passed
03/11/2021
03/11/2021
Dead
Signed/Enacted/Adopted
03/18/2021
03/18/2021
Introduced Session
2021 Regular Session
Bill Summary
An Act To Amend Section 1, Chapter 456, Laws Of 2014, Which Authorized The University Of Mississippi Medical Center, With The Approval Of The Board Of Trustees Of State Institutions Of Higher Learning, To Lease A Certain Portion Of Its Property That Is Located In The City Of Jackson, Mississippi, For A Term Of No More Than 40 Years, To Revise The Leasing Authority By Removing The Requirements That Such Real Property Shall Consist Of Mixed-used Development Improvement And The Minimum Square Footage Of Designated Street-level Office Space; And For Related Purposes.
AI Summary
This bill revises the leasing authority of the University of Mississippi Medical Center (UMMC) by removing the requirements that the leased real property consist of a mixed-use development improvement and a minimum square footage of designated street-level office space. The bill retains the provisions that the leased property must include approximately 224 Class A apartment homes, structured and surface parking, and landscaping and green space buffers. The bill also maintains that the lease and any amendments must be approved by the Board of Trustees of State Institutions of Higher Learning, and that all proceeds from the lease must be deposited in a special fund for the use and benefit of UMMC.
Committee Categories
Government Affairs
Sponsors (6)
Ronnie Crudup (D)*,
Jill Ford (R)*,
Philip Gunn (R)*,
Gregory Holloway (D)*,
Gene Newman (R)*,
Shanda Yates (I)*,
Last Action
Approved by Governor (on 03/18/2021)
Official Document
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