HB 10

AN ACT TO AMEND SECTION 89-27-7, MISSISSIPPI CODE OF 1972, TO PROVIDE THE DEPARTMENT OF AGRICULTURE WITH OVERSIGHT FOR "THE MISSISSIPPI FOREIGN LAND OWNERSHIP ACT"; TO PROVIDE ADDITIONAL PENALTIES FOR VIOLATION OF THIS ACT; TO PROVIDE FOR THE DISTRIBUTION OF PROCEEDS FROM THE SALE OF THE AGRICULTURAL LAND; TO AMEND SECTION 89-27-5, MISSISSIPPI CODE OF 1972, TO CLARIFY THE AUTHORITY OF THE DEPARTMENT OF AGRICULTURE TO MANAGE THE ACT; TO BRING FORWARD SECTION 89-7-3, MISSISSIPPI CODE OF 1972, WHICH PROVIDES DEFINITIONS FOR THE ACT, FOR PURPOSES OF AMENDMENT; TO BRING FORWARD SECTION 89-7-9, MISSISSIPPI CODE OF 1972, WHICH PROVIDES REAL ESTATE DISCLOSURE REQUIREMENTS, FOR PURPOSES OF AMENDMENT; TO BRING FORWARD SECTION 89-7-11, MISSISSIPPI CODE OF 1972, WHICH PROVIDES LIMITATION OF LIABILITY FOR DUTY TO INVESTIGATE WHETHER LAND IS PURCHASED BY A NONRESIDENT ALIEN; AND FOR RELATED PURPOSES.