Mississippi SB2597 authorizes the transfer of the ABC Warehouse to Madison County Economic Development Authority.
Mississippi SB2597 authorizes the Mississippi Department of Finance and Administration to transfer and convey the ABC Warehouse in Madison, Mississippi, to the Madison County Economic Development Authority. The transfer can occur through a public or private sale, with the property sold for no less than fair market value as determined by two professional, certified general appraisers. The Department of Finance and Administration must obtain a legal description of the property and include it in the deed or instrument of conveyance. The State retains all mineral rights to the property.
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