Mississippi 2020 Regular Session Status: In Committee 1 R cosponsors

SB 2870 — University of Southern Mississippi; trustees may enter into services agreement for operation, repairs and maintenance.

Last action — Died On Calendar

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2020 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

12 added · 5 removed

Plain-language change summary

The latest version of SB 2870 introduces a requirement for the university to create a separate fund for excess funds received from a closing deal, which can only be used for capital projects and maintenance after a fifty-year agreement expires. Additionally, the timeline for the bill's effectiveness has changed from immediately upon passage to a start date of July 1, 2020, with a provision stating it will be repealed on June 30, 2020. These changes are significant because they ensure that any surplus money is set aside for the university's long-term infrastructure needs rather than being spent immediately, providing a more strategic approach to financial management.

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SB2870 (As Introduced) - 2020 Regular Session MISSISSIPPI LEGISLATURE Regular Session To:
SB2870 (COMMITTEE SUBSTITUTE) - 2020 Regular Session MISSISSIPPI LEGISLATURE Regular Session To:
Senator(s) Fillingane Senate Bill 2870 AN ACT TO AUTHORIZE THE BOARD OF TRUSTEES OF STATE INSTITUTIONS OF HIGHER LEARNING, ACTING ON BEHALF OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI, TO ENTER INTO A SERVICES AGREEMENT FOR THE OPERATION, REPAIRS ANDS MAINTENANCE AND/OR CAPITAL IMPROVEMENTS OF ALL OR ANY PORTION OF THE UNIVERSITY UTILITY SYSTEM;
Senator(s) Fillingane Senate Bill 2870 (COMMITTEE SUBSTITUTE) AN ACT TO AUTHORIZE THE BOARD OF TRUSTEES OF STATE INSTITUTIONS OF HIGHER LEARNING, ACTING ON BEHALF OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI, TO ENTER INTO A SERVICES AGREEMENT FOR THE OPERATION, REPAIRS ANDS MAINTENANCE AND/OR CAPITAL IMPROVEMENTS OF ALL OR ANY PORTION OF THE UNIVERSITY UTILITY SYSTEM;
     SECTION 4.  The university, with the approval of the Board of Trustees of State Institutions of Higher Learning, is authorized to negotiate all aspects of any services agreement and any terms and conditions thereunder, together with any ancillary agreements pertaining to any services agreement as may be reasonably necessary to effectuate the intent and purposes of this section and to ensure a fair and equitable return to the university.  The university may consent to the private or nonprofit entity pledging its interest under the services agreement to secure the private or nonprofit entity's obligations under the terms and conditions of the services agreement.
     SECTION 4.  (1)  The university, with the approval of the Board of Trustees of State Institutions of Higher Learning, is authorized to negotiate all aspects of any services agreement and any terms and conditions thereunder, together with any ancillary agreements pertaining to any services agreement as may be reasonably necessary to effectuate the intent and purposes of this section and to ensure a fair and equitable return to the university.  The university may consent to the private or nonprofit entity pledging its interest under the services agreement to secure the private or nonprofit entity's obligations under the terms and conditions of the services agreement.
     (2)  The university shall deposit into a separate fund the upfront consideration received at closing in excess of the amount anticipated in the near term to be used for capital expenditures and deferred maintenance.  Except for any interest or investment earnings on the amount in the fund, such monies in the fund shall not be expended until the expiration of the fifty-year services agreement.
     SECTION 9.  This act shall take effect and be in force from and after its passage.
     SECTION 9.  This act shall take effect and be in force from and after July 1, 2020, and shall stand repealed on June 30, 2020.
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Action History

  1. Died On Calendar

  2. Title Suff Do Pass Comm Sub

  3. DR - TSDPCS: AC To UC

  4. DR - TSDPCS: UC To AC

  5. Referred To Universities and Colleges;Accountability, Efficiency, Transparency

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 174 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (174)

174 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

education
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Frequently asked questions

Who sponsors SB 2870?
SB 2870 is sponsored by Joey Fillingane (Republican).
What is the current status of SB 2870?
This bill died with 2020 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 2870?
Track SB 2870 free on One Click Politics — get push/email alerts when it moves.

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