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Bill > HB1488
MS HB1488
MS HB1488University of Southern Mississippi; authorize to sell or enter long term lease for use of university property.
summary
Introduced
01/19/2026
01/19/2026
In Committee
02/17/2026
02/17/2026
Crossed Over
02/05/2026
02/05/2026
Passed
Dead
Introduced Session
Potential new amendment
2026 Regular Session
Bill Summary
An Act To Amend Chapter 445, Laws Of 2016, Which Authorizes The Department Of Finance And Administration, Acting On Behalf Of The Board Of Trustees Of State Institutions Of Higher Learning, To Sell And Convey Or Lease Parcels Of Certain State-owned Real Property And Any Improvements Thereon Under The Possession And Control Of The University Of Southern Mississippi, To Provide That The Department Of Finance And Administration Is Entitled To Defer To The Recommendation Of The University Of Southern Mississippi For The Terms Of The Sale Upon Approval Of The Board Of Trustees Of State Institutions Of Higher Learning; And For Related Purposes.
AI Summary
This bill amends a previous law to allow the University of Southern Mississippi, through the Department of Finance and Administration (DFA), to sell or enter into long-term leases for specific university-owned property in Forrest County, Mississippi. The DFA, which is the state agency responsible for managing state finances and property, will now defer to the University of Southern Mississippi's recommendations for the terms of any sale, provided the Board of Trustees of State Institutions of Higher Learning (the governing body for Mississippi's public universities) approves. The bill also clarifies that any lease agreement cannot exceed 40 years and that the university's goals of research, innovation, and commercialization must be considered in any sale or lease, ensuring the property is used beneficially and without disrupting university operations, while the state retains all mineral rights.
Committee Categories
Education
Sponsors (2)
Last Action
Referred To Universities and Colleges;Public Property (on 02/17/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1488.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/HB/1400-1499/HB1488PS.htm |
| Amendment No 1 | https://billstatus.ls.state.ms.us/documents/2026/html/ham/HB1488_H_Amend_01.htm |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/HB/1400-1499/HB1488IN.htm |
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