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

HB 522 authorizes the Mississippi Development Authority (MDA) to sell two specific land parcels totaling approximately 32 acres in Lowndes County and Columbus for less than fair market value. The properties include Tract I (28.4373 acres near Columbus) and Tract II (2.1603 acres plus 1.8287 acres in Columbus). Proceeds from the sale must be deposited into the Mississippi Existing Industry Productivity Loan Program Bond Sinking Fund, which supports economic development initiatives. The bill also allows the MDA to correct property description errors and covers related costs like title searches during the sale process.