Mississippi Development Authority; authorize to sell certain real property for less than fair market value.

This bill authorizes the Mississippi Development Authority (MDA) to sell two specific parcels of land in Lowndes County and Columbus for less than fair market value, at the MDA's sole discretion. The properties, totaling approximately 32.4 acres, are described in the bill's legal details. All proceeds from these sales must be deposited into the Mississippi Existing Industry Productivity Loan Program Bond Sinking Fund. The bill also permits the MDA to correct any errors in the properties' legal descriptions.