Sen. Thad Cochran announced passage of the bill on Thursday by the Senate Environment and Public Works Committee. The measure was approved on a voice vote and referred to the full Senate for consideration.
“The Yellow Creek Port can be an even bigger engine for job creation and economic development in north Mississippi,” Cochran said in a news release. “The transfer of this property would allow the state and the TVA to fulfill the goal of creating more jobs at this site. I am hopeful that the Senate will view this legislation favorably and approve it as soon as possible.”
The bill would authorize TVA to transfer the 172-acre site to the state. Cochran said the bill has the support of TVA, Mississippi Development Authority, Yellow Creek Port and the Tombigbee River Valley Water Management District.
The state has worked with TVA to promote commercial and manufacturing development at the port since signing a contract with TVA in 1971.
The Mississippi Legislature in 2011 approved a bill authorizing the state to receive the property pending a successful environmental assessment.
Companion legislation is pending in the House of Representatives.