AN ACT TO CREATE NEW SECTION 57-31-35, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE ACQUISITION AND DEVELOPMENT BY A COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY OR AN ECONOMIC DEVELOPMENT DISTRICT OF AT LEAST 800 OR MORE CONTIGUOUS ACRES AS A MEGASITE TO ATTRACT SIGNIFICANT INDUSTRIAL DEVELOPMENT PROJECTS; TO PROVIDE FOR THE FINANCING AND DEVELOPMENT OF SUCH MEGASITE PROJECTS; TO AMEND SECTION 19-9-1, MISSISSIPPI CODE OF 1972, TO AUTHORIZE ANY COUNTY BOARD OF SUPERVISORS TO ISSUE NEGOTIABLE BONDS OF THE COUNTY TO RAISE MONEY FOR THE PURPOSES PROVIDED IN THIS ACT; TO AMEND SECTION 19-9-5, MISSISSIPPI CODE OF 1972, TO EXEMPT INDEBTEDNESS INCURRED UNDER THIS ACT FROM THE COUNTY DEBT LIMIT; TO AMEND SECTION 31-7-13, MISSISSIPPI CODE OF 1972, TO EXEMPT PURCHASES FOR SUCH MEGASITE PROJECTS FROM PUBLIC BID REQUIREMENTS; TO AMEND SECTION 43-37-3, MISSISSIPPI CODE OF 1972, TO EXEMPT ANY PERSON, AGENCY OR OTHER ENTITY USING PUBLIC FUNDS IN ACCORDANCE WITH THIS ACT FROM CERTAIN APPRAISAL AND PRICING REQUIREMENTS; AND FOR RELATED PURPOSES.

Statutes affected:
As Introduced: 19-9-1, 19-9-5, 31-7-13, 43-37-3