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HB 1488·MS·house

University of Southern Mississippi; authorize to sell or enter long term lease for use of university property.

Signed into LawFiled Jan 19, 2026
Sponsor: McGee
Latest Action

Approved by Governor

Apr 8, 2026

Summary

The bill lets the state’s Department of Finance and Administration, with university and board approval, sell or lease two parcels of land owned by the University of Southern Mississippi at fair market value or on a 40‑year lease. It also obligates every public post‑secondary school in Mississippi to submit a detailed financial‑literacy activity report by October 1, 2026, which will be compiled and sent to legislative committee chairs. The measures aim to generate revenue for USM while improving oversight of financial‑education efforts across the state’s colleges.

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