MS HB788

Authorizes the Mississippi Major Economic Impact Authority to renegotiate payment terms and interest rates for loans provided to municipalities for projects under the Mississippi Major Economic Impact Act, including maturity, deferment, and repayment schedules.

Exempts debt incurred by a municipality through loans under Section 57-75-11(tt) for projects defined in Section 57-75-5(f)(xxvii) from being counted toward the municipality's maximum bonded indebtedness and maximum general obligation indebtedness limits.

Applies specifically to publicly owned buildings and equipment acquired by municipalities and leased to enterprises operating qualifying economic development projects.