Agriculture and timber economic development; issue bonds and establish program for.

HB 4040 creates the "Mississippi Agriculture and Timber Economic Development Fund" to support the state's agriculture and timber industries. It authorizes up to $5 million in state bonds, funded by a 1.5% sales tax on farm tractors, parts, labor for maintenance, and farm implements. The Mississippi Development Authority will administer the fund to recruit economic development, aiming to create new markets and expand access for Mississippi's agricultural and timber products. The bonds must be issued by July 1, 2030, and funds can only be used for these specific purposes after legislative appropriation.