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

HB 663 authorizes the Mississippi Development Authority (MDA) to sell two specific parcels of land in Lowndes County and Columbus for below market value. The bill specifies that proceeds from these sales must be deposited into the Existing Industry Productivity Loan Program Bond Sinking Fund. It also allows the MDA to correct any errors in the legal descriptions of the properties. This is a procedural change to facilitate the disposition of existing state-owned property without requiring full market-value sales.