Property at 1900 Woodrow Wilson Avenue; authorize DFA to sell and convey or lease on behalf of DPS.

This bill authorizes Mississippi's Department of Finance and Administration (DFA) to sell or lease a 10.17-acre property at 1900 Woodrow Wilson Avenue in Jackson (currently used by the Highway Safety Patrol as headquarters) on behalf of the Department of Public Safety. It requires the property to be sold for at least fair market value (determined by two appraisals) or leased under terms ensuring the "highest and best use," limiting redevelopment to commercial, residential, or retail space while prohibiting heavy industry, casinos, or liquor stores. All proceeds from the sale or lease must go to the State General Fund, and the state retains the right to repurchase the property or terminate the lease if development milestones aren't met within 10 years. The state also retains all mineral rights to the property.