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SB 2072

Mississippi Development Authority; authorize to sell certain real property for less than fair market value.

2025 Regular Session Introduced by Chuck Younger

Mississippi bill would have let development authority sell state land below market value to support economic development but died in committee.

Died In Committee
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Bill Summary · SB 2072

Legislative bill overview

SB 2072 would have authorized the Mississippi Development Authority (MDA) to sell state-owned real property for less than fair market value under certain circumstances. The bill died in committee on February 4, 2025, without advancing further in the legislative process.

Why is this important

This type of authority is significant because it allows economic development agencies flexibility to attract businesses or support community projects by offering discounted land sales. However, it also raises questions about stewardship of public assets and whether taxpayers receive fair value for state-owned property.

Potential points of contention

  • Public asset valuation: Selling state property below market value means the state receives less revenue, potentially impacting education, infrastructure, or other public services funded by those proceeds
  • Accountability and transparency: Discretionary authority to undervalue property could create opportunities for favoritism or political influence in determining which buyers receive discounts
  • Economic development justification: Supporters argue discounted land attracts job-creating businesses; critics question whether this subsidy is necessary or the most efficient use of public resources

Compiled from official sources — confirm details with the bill’s official record.

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