The bill would authorize the Department of Management and Budget, on behalf of the State, to convey to the City of Jackson certain State-owned property in Jackson County in exchange for property of approximately equal value, as described in the bill. The conveyance would be subject to any easements, rights-of-way, or restrictions, as well as restrictions and easements determined by the Department Director and approved by the State Administrative Board as necessary for development of the property. The conveyance would have to be by quitclaim deed approved by the Attorney General.