SB2728 - University of Mississippi; authorize to enter long-term lease with approval of I.H.L.

1 Co-Sponsor

An Act To Authorize The Board Of Trustees Of State Institutions Of Higher Learning, Acting On Behalf Of The University Of Mississippi To Enter Into A Long-term Lease Of All Or Any Portion Of Real Property Under Its Control And Possession For The Purpose Of Developing Academic Buildings, Housing, Dining Halls, Parking Facilities, And/or Other Spaces, Including Retail Developments, For The Benefit Of The University; To Provide That Any Such Property Shall Be Leased For A Period Not To Exceed 30 Years; To Set Certain Other Lease Terms And To Require Any Lease To Be Subject To The Approval Of I.h.l.; To Authorize The University Of Mississippi To Negotiate All Aspects Of Any Lease With The Approval Of I.h.l.; To Provide That All Proceeds Derived From Any Such Lease Shall Be Deposited Into A Special Fund Only For The Use Of The University; To Require Any Property Leased Under This Act To Revert Back To The University At The End Of The Lease; And For Related Purposes.