House Bill 1367

AN ACT TO AMEND SECTION 1, CHAPTER 564, LAWS OF 2007, TO AUTHORIZE THE SECRETARY OF STATE TO LEASE THE PROPERTY FORMERLY KNOWN AS THE "OLD SCHOOL FOR THE BLIND," WHICH IS LOCATED NORTH OF EASTOVER DRIVE IN THE CITY OF JACKSON, HINDS COUNTY, MISSISSIPPI, FOR PURPOSES OF REDEVELOPMENT FOR TERMS NOT TO EXCEED 80 YEARS RESULTING IN ITS HIGHEST AND BEST USE; TO REPEAL SECTIONS 2 AND 3, CHAPTER 564, LAWS OF 2007, WHICH PRESCRIBE THE TERMS FOR RESIDENTIAL LEASES ENTERED INTO BY THE MISSISSIPPI DEVELOPMENT AUTHORITY WITH REGARD TO THE PROPERTY; TO AMEND SECTION 2, CHAPTER 561, LAWS OF 2009, IN CONFORMITY TO THE PRECEDING PROVISIONS OF THIS ACT; TO AUTHORIZE THE SECRETARY OF STATE TO CONTRACT WITH A DEVELOPMENT FACILITATOR TO IDENTIFY AND SELECT QUALIFIED DEVELOPERS; TO REQUIRE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO ASSIST THE SECRETARY OF STATE AND THE DEVELOPMENT FACILITATOR IN THE PERFORMANCE OF THE CONTRACT; TO REQUIRE THE SECRETARY OF STATE TO OBTAIN AT LEAST ONE APPRAISAL ON THE PROPERTY TO ESTABLISH ITS FAIR MARKET RENTAL VALUE; TO PROVIDE THAT THE PROPERTIES DESCRIBED IN SECTIONS 1 AND 2 OF THIS ACT SHALL NOT BE LEASED FOR AN AMOUNT LESS THAN THE FAIR MARKET RENTAL VALUE; TO REQUIRE THAT ANY LEASE EXECUTED UNDER THIS ACT MUST CONTAIN PROVISIONS FOR THE PERIODIC ADJUSTMENT OF RENTALS THROUGHOUT THE TERM OF THE LEASE; TO AMEND SECTION 29-1-201, MISSISSIPPI CODE OF 1972, IN CONFORMITY TO THE PRECEDING PROVISIONS OF THIS ACT; TO AMEND SECTIONS 27-33-17 AND 27-33-19, MISSISSIPPI CODE OF 1972, TO ALLOW HOMESTEAD EXEMPTION FOR PERSONS WHO LEASE OR ASSIGN THE PROPERTY FROM THE LESSEE AND OCCUPIES AND USES THE PROPERTY AS A HOME; AND FOR RELATED PURPOSES.

In the House of Representatives

• Credell Calhoun

  Sponsor

l9n doesn't hold this bill's text yet.

In the House of Representatives Jan 18 – Feb 2

1. Jan 18Referred to the House committee on Public Property
2. Feb 2Died in committee in the House