Universities and colleges; increase certain college renovation funds and require IHL board to develop PPP policies.
SB 2518 authorizes Mississippi Valley State University (MVSU) to lease 452 acres of its property in Leflore County for up to 45 years (with renewal options) to develop housing for faculty and staff. The lease requires approval from MVSU's Board of Trustees and ensures the property reverts to the university after the lease ends. All lease proceeds must be used solely for MVSU's benefit, while the state retains mineral rights to the land. This bill directly affects MVSU's ability to address housing needs for its employees through a long-term property lease arrangement.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2025
Committee Review
Apr 2025
Senate Passage
Feb 2025
House Passage
Mar 2025
Signed into Law
Apr 2025
Introduced Feb 6, 2025
Signed Apr 10, 2025
Maddy AI version diff · 3 comparisons
What changed between versions
As Passed the upper
→
Current version
·
4 edits
MODERATE
This bill was substantially rewritten to shift from authorizing specific long-term lease agreements for student housing to requiring the Board of Trustees to develop policies for public-private partnerships. The most significant change is the amendment to state finance code Section 31-11-3, which increases the bond fund transfer limit for community colleges from $1 million to $3 million for facility repairs and improvements.
Scope change
The bill's scope changed from authorizing specific lease actions by the Board of Trustees to requiring policy development for future partnerships, while simultaneously expanding financial authority for community college infrastructure projects.
REQUIREMENT
Changed the Board of Trustees' authority from directly entering into 45-year leases with renewal options to developing and reporting policies for public-private partnerships by October 1, 2025.
FISCAL
Increased the amount of bond funds the Department of Finance and Administration can transfer to community colleges from $1,000,000 to $3,000,000 for repair, renovation, and improvement of existing facilities.
ELIGIBILITY
Removed provisions that protected leases from cancellation by successor boards based on the binding successor doctrine, eliminating long-term lease security guarantees.
TIMELINE
Added a specific deadline requiring the Board to develop and report partnership policies on or before October 1, 2025.
Floor votes · Senate Feb 5, 2025 · House Mar 12, 2025
How they voted
50–1
Passed
Total votes 51
Feb 5, 2025
D
Democratic16
100% Yea
R
Republican35
97% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
24
Key actions
10
Committee
6
Amendments
2
Apr 10, 2025
Signed into law
Approved by Governor
executive
Apr 1, 2025
Lower · Passed
Conference Report Adopted
lower
Mar 28, 2025
Lower · Passed
Conference Report Filed
lower
Mar 13, 2025
Lower · Passed
Passed As Amended
lower
Mar 13, 2025
Lower · Passed
Amended
lower
Mar 12, 2025
Lower · Passed
Passed As Amended
lower
Mar 12, 2025
Lower · Passed
Amended
lower
Feb 27, 2025
Lower · Passed
Title Suff Do Pass
lower
Feb 10, 2025
Committee
Referred To Universities and Colleges
lower
Feb 6, 2025
Introduced
Transmitted To House
upper
Feb 5, 2025
Upper · Passed
Passed
upper
Jan 30, 2025
Upper · Passed
Title Suff Do Pass Comm Sub
upper
Jan 20, 2025
Committee
Referred To Universities and Colleges
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Scott DeLano
RRepublican
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