55-23-6 - Transfer of powers and duties of commission to Department of Finance and Administration.
§ 55-23-6. Transfer of powers and duties of commission to Department of Finance and Administration.
(1) From and after July 1, 2008:
(a) The Mississippi Veterans Memorial Stadium Commission shall be abolished and all powers and duties of the commission shall be transferred to, and exercised by, the Department of Finance and Administration;
(b) The Office of the Executive Director of the Mississippi Veterans Memorial Stadium Commission shall be abolished and all powers and duties of the executive director shall be transferred to, and exercised by, the Executive Director of the Department of Finance and Administration;
(c) All records, property, funds and other assets and personnel of the Mississippi Veterans Memorial Stadium Commission shall be transferred to the Department of Finance and Administration; and
(d) Any personal service, management or other contracts of like nature entered into by the Mississippi Veterans Memorial Stadium Commission shall be cancelled.
(2) The Department of Finance and Administration shall grant Jackson State University the right to hold any of its sports, ceremonial and concert events at the Mississippi Veterans Memorial Stadium without any rental payment, and shall allow the proper signage designating the stadium as the home stadium of Jackson State University. All profits realized by the Department of Finance and Administration after paying all expenses and costs, including management fees, from any Jackson State University sponsored event held on stadium property shall be deposited to the credit of a special fund and authorized for expenditure by the Board of Trustees of State Institutions of Higher Learning exclusively for Jackson State University. All remaining profits realized by the Department of Finance and Administration shall be utilized by the department to pay all expenses incident to the operation and upkeep of the facility.
(3) From and after July 1, 2008, wherever the term "Mississippi Veterans Memorial Stadium Commission" or the term "commission," when referring to the Mississippi Veterans Memorial Stadium Commission, appears in the laws of the state, the terms shall mean the "Department of Finance and Administration."
Sources: Laws, 2007, ch. 605, § 3; Laws, 2008, ch. 500, § 1, eff from and after passage (approved Apr. 21, 2008.)