House Bill 1721

(As Passed the House)

AN ACT TO AUTHORIZE THE GOVERNING AUTHORITIES OF THE CITY OF VICKSBURG, MISSISSIPPI, TO ENTER INTO CERTAIN LEASE AGREEMENTS FOR THE PURPOSE OF MAKING WATERFRONT AREA PARK IMPROVEMENTS AND RELATED AMENITIES UTILIZING CERTAIN PROVISIONS OF STATE LAW THAT PERTAIN TO THE ACQUISITION OF PUBLIC BUILDINGS, FACILITIES AND EQUIPMENT THROUGH RENTAL CONTRACTS; AND FOR RELATED PURPOSES.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

SECTION 1. (1) The governing authorities of the City of Vicksburg, Mississippi, is authorized and empowered, in their discretion, to enter into lease agreements with any corporation, partnership, limited partnership, joint venture or individual under which the city may agree to lease a facility for use by the lessor for the purpose of waterfront area park improvements and related amenities for a primary term not to exceed twenty (20) years. All provisions of Sections 31-8-5 through 31-8-13, Mississippi Code of 1972, which pertain to the acquisition of public buildings, facilities and equipment through rental contracts, shall apply to any lease agreement entered into under this section.

SECTION 2. This act shall take effect and be in force from and after its passage.