Bonds; authorize issuance of general obligation bonds for West Central Mississippi Incubator Grant Program.

SB 3047 authorizes Mississippi to issue state general obligation bonds to fund the West Central Mississippi Incubator Grant Program in Humphreys, Madison, Sharkey, Sunflower, Washington, and Yazoo counties. The bill creates a process for the State Bond Commission to issue bonds backed by the full credit of the state, with proceeds deposited into a special fund dedicated to the incubator program. This funding mechanism directly supports business incubation services in those six rural counties, helping local entrepreneurs and small businesses. The bill itself is a financing tool - not a policy change - and does not alter program eligibility or services.