Tax Increment Financing Act; authorize conduit bond issuance to finance redevelopment projects.

HB 1942 allows Mississippi municipalities to issue conduit bonds to fund redevelopment projects, secured by agreements with property owners or developers. These "taxpayer agreements" require property owners to make additional payments (in lieu of or on top of tax increments) to cover bond repayment, without counting as public debt or taxes. The agreements create liens on property that rank equally with property tax liens and last up to 30 years, ensuring bondholders can collect payments without municipal tax obligations. This directly affects local governments seeking to finance redevelopment, property owners in project areas, and bond investors.