UPDATE: Miss. lawmakers OK incentives for biofuel project

JACKSON — Mississippi lawmakers met in special session Friday and quickly approved a multimillion dollar incentive package for a company that plans to convert timber products into a crude oil substitute.

KiOR, a company based in Pasadena, Texas, is pledging to invest $500 million of its own money to build its first three processing plants in Mississippi.

Mississippi would give the company a $75 million loan.

Legislators also debated banning the sale or possession of synthetic marijuana and considered some local projects.

One bill would give DeSoto County some flexibility on where it builds a new jail.

Another bill would allow D’Iberville to lease land to private developers for a casino and other projects. Another would allow McComb residents vote on whether to set a tourism tax.

Emily Wagster Pettus/The Associated Press