Local Governments Capital Improvements Revolving Loan Program; include any project MDA deems a capital improvement.

Added a catch-all provision allowing the Mississippi Development Authority to determine any project as a capital improvement, expanding eligibility beyond the previously listed specific project types.

Added a new provision allowing interest-free loans through June 30, 2025 for a specific capital project related to a motion picture sound stage.

Extended the authority for the Mississippi Development Authority to use interest income from taxable bonds for the ordinary and necessary general support of the Authority, removing the previous limitation that prevented this use.

Added a sunset provision requiring the expanded authority to use interest income for general MDA support to be repealed after July 1, 2029.

Added a new subsection requiring the State Auditor to audit counties or municipalities with loan payments in arrears and authorizing withholding of state reimbursements until payments are current.