Bill > SB2598

This bill authorizes the Department of Finance and Administration (DFA), which is a state agency responsible for managing state finances and property, to accept the University of Southern Mississippi's (USM) recommendations for the terms of sale for certain state-owned property under USM's control, provided those terms are approved by the Board of Trustees of State Institutions of Higher Learning (IHL), which oversees Mississippi's public universities. This change allows the DFA to defer to USM's judgment on how to sell the property, as long as the IHL agrees, streamlining the process for selling or leasing specific parcels of land in Forrest County, Mississippi, that are currently managed by USM, with the goal of ensuring the property is used for research, innovation, and commercialization without disrupting university operations, while the state retains mineral rights and proceeds from any sale or lease will benefit USM.

Government Affairs

https://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB2598.xml