SB2598

Mississippi SB2598 authorizes the Department of Finance and Administration to defer to the University of Southern Mississippi's recommendation for.

Mississippi SB2598 amends existing law to authorize the Department of Finance and Administration to defer to the University of Southern Mississippi's recommendation for the terms of sale for certain state-owned real property, subject to approval by the Board of Trustees of State Institutions of Higher Learning. The bill specifies that the property must be sold or leased in accordance with the university's goals of research, innovation, and commercialization, ensuring the highest and best use of the property. The State of Mississippi retains all mineral rights to the property.