Lower Mississippi Delta Development Act

Lower Mississippi Delta Development Act - Establishes the Lower Mississippi Delta Development Commission to study and make recommendations concerning the economic needs and economic development of the Lower Mississippi Delta, defined to include areas in Arkansas, Illinois, Kentucky, Louisiana, Mississippi, Missouri, and Tennessee.

Directs the Commission, among other things, to: (1) study the projected ten-year economic needs of the region; (2) review existing Federal, State, local, and private programs for business development and financing; (3) develop inventories of the region's business resources and natural resources; (4) study the role of small business in creating jobs in the region; and (5) make recommendations to the Congress regarding tax policies, business development programs, investment incentives, infrastructure development, and a number of other economic development issues.

Requires the Commission to submit: (1) an interim report within nine months of its first meeting on its activities to specified congressional leadership, the President, and the Governors of the affected States; and (2) its final report of required findings and recommendations to these same parties, within 18 months of the same meeting.

Terminates the Commission 120 days after submission of its final report.

Authorizes FY 1989 and 1990 appropriations.