Economic development projects; expand local government authority to enter certain agreements in support of.

SB 2846 expands Mississippi local governments' authority to support economic development projects. It allows county boards or municipal authorities to enter agreements with qualified businesses to fund or reimburse project costs (like site preparation, construction, or infrastructure) using only revenues generated *directly* from the project itself - such as taxes or fees collected from the development. The bill defines "qualified projects" under Mississippi's Flexible Tax Incentive Act and caps total local government reimbursement at $5 million per project. This change enables local governments to finance development through project-specific revenue streams rather than general tax funds, directly affecting businesses seeking incentives and local authorities managing economic growth.