Mississippi Business Finance Corporation; extend repeal date on authority to issue bonds to finance economic development projects.

Extended the repeal date for Sections 57-10-401 through 57-10-447 and Section 27-7-22.3 from October 1, 2025 to October 1, 2029, allowing the economic development bond program to continue for four additional years.

Added new eligible company categories including research and development facilities, technology intensive enterprises, national or regional headquarters, and telecommunications or data/information processing businesses meeting criteria established by the Mississippi Business Finance Corporation.

Modified the definition of 'economic development project' to include projects where an eligible company closes a facility and becomes an approved company, with only the portion exceeding the value of the closed facility being eligible for financing.

Added explicit exclusion in Section 57-10-401 stating that the term 'eligible company' does not include any medical cannabis establishment as defined in the Mississippi Medical Cannabis Act.

Added new definition for 'Mississippi Small Enterprise Development Finance Act' in Section 57-10-401 to clarify its relationship to the economic development program.

Added a provision in Section 57-10-409 requiring financing agreements to specify that annual obligations of approved companies shall equal at least the annual debt service on bonds issued for the economic development project.

Added new subsection (f) to Section 57-10-409 regarding assignment of financing agreements and default remedies, allowing the corporation to accelerate payments or terminate agreements upon default.

Added new subsection (6) to Section 57-10-413 regarding job development assessment fees for companies that close a facility and become approved companies, limiting assessment to jobs created in excess of those that existed at the closed facility.

Modified Section 27-7-22.3 to add a formula requirement for determining the amount of income of approved companies generated by economic development projects, with different formulas for different time periods.