SB2698: Institutions of Higher Learning; authorize to negotiate long-term lease of property administered by State Port Authority.

Legislative Summary

An Act To Authorize The Board Of Trustees Of The State Institutions Of Higher Learning, Acting By And Through The University Of Southern Mississippi, To Lease And Sublease Property Administered By The Mississippi State Port Authority At Gulfport; To Authorize The University To Negotiate All Aspects Of Any Lease And Sublease Pertaining To Such Property; To Provide The Maximum Term Of These Leases And Subleases; To Provide That These Leases And Subleases Shall Not Be Cancelled Based On The Binding Successor Doctrine; And For Related Purposes.