HB4040

Mississippi HB4040 authorizes bond issuance for agriculture and timber economic development, creating a dedicated fund for related projects.

Mississippi HB4040 establishes a program to recruit agriculture and timber economic development projects in Mississippi, aiming to create new markets and enhance access to existing markets for agriculture and timber commodities. The bill creates the "Mississippi Agriculture and Timber Economic Development Fund" in the state treasury, to be administered by the Mississippi Development Authority. The fund will receive proceeds from bond issuances and specific sales tax revenues. The bonds are exempt from state taxation, and their proceeds are dedicated to the fund.