MS SB2846

Expands the definition of "economic development project" to include qualified projects under the Mississippi Flexible Tax Incentive Act, in addition to projects using state or federal program funds.

Authorizes county boards of supervisors and municipal governing authorities to enter into agreements with qualified business enterprises to fund or reimburse project costs using revenues derived from the project, with a cumulative limit of $5,000,000.

Allows two or more local governmental units to work cooperatively under a single written agreement with a qualified business enterprise to pay or reimburse qualified project costs.

Requires all agreements to be submitted to the Mississippi Development Authority for approval prior to taking effect, with automatic approval if the authority does not disapprove within 60 days.

Establishes that agreements are binding on future boards of supervisors and municipal governing authorities for periods not to exceed 20 years.