University of Mississippi; authorize to enter into long-term lease for public-private partnership for development of university property.

HB 1086 authorizes the University of Mississippi to lease specific campus properties (including Kincannon, West Row, South Parking Lot, and other designated areas) to private partners for 45 years (with renewal options) to develop academic buildings, housing, dining, parking, and retail spaces. All lease proceeds must be deposited into a special fund exclusively for the university’s use, and the properties must revert to the university at lease end. The bill requires approval from the Board of Trustees of State Institutions of Higher Learning and preserves the state’s mineral rights. The bill died on the calendar in March 2025 and was never enacted.