Senate Bill 3097

AN ACT TO AMEND SECTION 1, CHAPTER 564, LAWS OF 2007, TO AUTHORIZE THE DEPARTMENT OF FINANCE AND ADMINISTRATION AND THE MISSISSIPPI DEVELOPMENT AUTHORITY 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 DEPARTMENT OF FINANCE AND ADMINISTRATION TO CONTRACT WITH A DEVELOPMENT FACILITATOR TO IDENTIFY AND SELECT QUALIFIED DEVELOPERS; TO REQUIRE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO ASSIST THE DEPARTMENT OF FINANCE AND ADMINISTRATION AND THE DEVELOPMENT FACILITATOR IN THE PERFORMANCE OF THE CONTRACT; TO REQUIRE THE DEPARTMENT OF FINANCE AND ADMINISTRATION TO OBTAIN AT LEAST TWO APPRAISALS 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 OCCUPY AND USE THE PROPERTY AS A HOME; AND FOR RELATED PURPOSES.

In the Senate

• Jack Gordon

  Sponsor

• House of Representatives committee amendmentPending

• House of Representatives floor amendmentPending

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

In the Senate Jan 18 – Feb 10

1. Jan 18Referred to the Senate committee on Public Property
2. Feb 2Reported from committee in the Senate: title sufficient, do pass as a committee substitute
3. Feb 10Committee substitute adopted in the Senate
4. Passed the Senate

In the House of Representatives Feb 11 – Mar 9

1. Feb 11Sent to the House
2. Feb 17Referred to the House committees on Public Property and on Appropriations
3. Feb 23Reported as amended from PP to AP in the House: title sufficient, do pass
4. Mar 2Reported as amended from AP to PP in the House: title sufficient, do pass
5. Reported from committee in the House: title sufficient, do pass as amended
6. Mar 9Amended in the House
7. Passed the House as amended

To the Governor Mar 11 – Mar 25

1. Mar 11Returned to the Senate to concur in the House's amendments
2. Mar 25Died on the calendar in the Senate