HB 1395

AN ACT TO AMEND SECTION 37-28-61, MISSISSIPPI CODE OF 1972, TO LIMIT THE RIGHT OF FIRST REFUSAL A SCHOOL DISTRICT MUST GRANT TO CHARTER SCHOOLS FOR THE PURCHASE OR LEASE OF UNUSED SCHOOL PROPERTY TO INSTRUCTIONAL BUILDINGS; TO REQUIRE A CHARTER SCHOOL TO EXERCISE THE RIGHT OF FIRST REFUSAL WITHIN 90 DAYS OR ELSE IT IS DEEMED TO BE REJECTED; TO AMEND SECTION 37-7-455, MISSISSIPPI CODE OF 1972, IN CONFORMITY TO THE PRECEDING SECTION; TO AMEND SECTION 37-7-477, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT LEASED SCHOOL PROPERTY SHALL REVERT BACK TO THE SCHOOL DISTRICT WHEN THE PROPERTY CEASES TO BE USED FOR THE PURPOSES IT WAS ORIGINALLY LEASED OR FOR AN ALTERNATIVE PURPOSE APPROVED BY THE SCHOOL BOARD AT THE TIME THAT THE ORIGINAL INSTRUMENT OF CONVEYANCE WAS EXECUTED; TO PRESCRIBE THE PROCEDURES TO BE ADHERED TO IN ORDER TO EFFECTUATE AN ALTERNATIVE USE TO BE STIPULATED IN THE ORIGINAL INSTRUMENT OF CONVEYANCE, WHICH MUST BE ACTED UPON THE SCHOOL BOARD BY RESOLUTION DULY ADOPTED AND SPREAD UPON ITS MINUTES; AND FOR RELATED PURPOSES.