MS SB3408

Authorizes Yazoo County Board of Supervisors to establish the Yazoo Economic Partnership as an economic and industrial development authority governed by five trustees

Trustees may be either the board of supervisors themselves or five appointed qualified electors who are not county officials, with appointed trustees serving initial terms of one or two years and required to post a $5,000 bond

Grants the Partnership broad powers to acquire, develop, and dispose of real estate for industrial parks, business parks, and economic development projects, including constructing infrastructure such as roads, utilities, and facilities

Authorizes funding through a tax levy of up to two mills (with an additional two mills possible after public notice), plus the Partnership may borrow money, accept grants, and receive contributions from public and private sources

Allows dissolution of the existing Yazoo County Economic Development District and transfer of its assets to the new Partnership, and permits contracts with municipalities and other economic development entities