MS SB2895

Creates Section 57-31-35 to authorize county industrial development authorities and economic development districts to acquire and develop megasites of at least 800 contiguous acres to attract significant industrial projects.

Allows county boards of supervisors to issue general obligation bonds, revenue bonds, and special assessment bonds to finance megasite projects, with such indebtedness exempt from county debt limits.

Exempts megasite project purchases from public bidding requirements, allowing authorities to enter into negotiations and contracts without advertising, appraisals, or competitive bids.

Exempts megasite real property acquisitions from standard appraisal and pricing requirements under Section 43-37-3 when using public funds.

Defines megasite projects to include site preparation, utilities, infrastructure (water, sewage, roads, utilities), and other facilities necessary to develop industrial parks or zones.