Bill > SB2632

Introduced Session

An Act To Enact The Local Governments Disaster Recovery Emergency Loan Program Act; To Define Terms; To Establish The Local Government Disaster Recovery Emergency Loan Program To Be Administered By The Department Of Finance And Administration For The Purpose Of Assisting Local Governments In Recovering From The Severe Winter Storm On January 23-27, 2026, By Issuing Loans To Local Governments; To Provide That No Loan Shall Be Issued Under The Authority Of This Act After A Certain Date; To Set Forth The Powers And Duties Of The Department Of Finance And Administration In Administering This Act; To Allow The Department Of Finance And Administration To Authorize An Administrator To Carry Out Any Or All Of The Powers And Duties Enumerated In This Act; To Exempt The Department Of Finance And Administration From Any Requirement That The Public Procurement Review Board Approve Any Personal Or Professional Services Contracts Or Pre-approve Any Solicitation Of Such Contracts For Purposes Of This Act; To Create A Special Fund In The State Treasury To Be Designated As The "local Governments Disaster Recovery Emergency Loan Fund"; To Require Each Recipient Of A Loan Under The Program To Establish A Dedicated Source Of Revenue For Repayment Of The Loan In The Event That The Federal Emergency Management Agency Declines To Reimburse An Expenditure For Which Loan Proceeds Were Used; To Provide That The Executed Loan Agreement Will Obligate The Local Government To Repay The Proceeds Of The Loan Immediately Upon Receipt Of Reimbursements From The Federal Emergency Management Agency; To Provide That The Loan Agreement Shall Provide For The Repayment Of All Funds Received From The Emergency Fund Within Not More Than Two Years From The Date That The Federal Emergency Management Agency Declined To Reimburse For An Expenditure For Which Loan Proceeds Were Used; To Require A Recipient Local Government To Pledge Its Sales Tax Revenue Distribution Or Its Homestead Exemption Annual Tax Loss Reimbursement, As The Case May Be, To Meet The Repayment Schedule Contained In The Loan Agreement In The Event That The Federal Emergency Management Agency Declines To Reimburse An Expenditure For Which Loan Proceeds Were Used; To Amend Section 27-104-13, Mississippi Code Of 1972, To Provide That Any Personal Or Professional Service Contracts Entered Into By The Department Are Exempt From Approval By The Public Procurement Review Board; To Bring Forward Sections 33-15-1, 33-15-2, 33-15-3, 33-15-5, 33-15-7, 33-15-11, 33-15-13, 33-15-15, 33-15-17, 33-15-19, 33-15-21, 33-15-23, 33-15-25, 33-15-27, 33-15-29, 33-15-31, 33-15-33, 33-15-37, 33-15-39, 33-15-41, 33-15-43, 33-15-45, 33-15-47, 33-15-49, 33-15-51 And 33-15-53, Mississippi Code Of 1972, For The Purpose Of Possible Amendment; And For Related Purposes.

AI Summary

Committee Categories

Juan Barnett (D)*,  Jason Barrett (R)*,  Andy Berry (R)*,  Bradford Blackmon (D)*,  Kevin Blackwell (R)*,  David Blount (D)*,  Nicole Boyd (R)*,  Gary Brumfield (D)*,  Hob Bryan (D)*,  Albert Butler (D)*,  Joel Carter (R)*,  Lydia Chassaniol (R)*,  Kathy Chism (R)*,  Dennis DeBar (R)*,  Scott DeLano (R)*,  Johnny DuPree (D)*,  Jeremy England (R)*,  Joey Fillingane (R)*,  Hillman Frazier (D)*,  Theresa Gillespie Isom (D)*,  Josh Harkins (R)*,  Don Hartness (R)*,  Rod Hickman (D)*,  Angela Hill (R)*,  Briggs Hopson (R)*,  Reginald Jackson (D)*,  Chris Johnson (R)*,  Dean Kirby (R)*,  Philman Ladner (R)*,  Tyler McCaughn (R)*,  Michael McLendon (R)*,  Chad McMahan (R)*,  Walter Michel (R)*,  Kamesha Mumford (D)*,  Sollie Norwood (D)*,  Rita Parks (R)*,  Justin Pope (D)*,  Brian Rhodes (R)*,  Mike Seymour (R)*,  Derrick Simmons (D)*,  Sarita Simmons (D)*,  Daniel Sparks (R)*,  Ben Suber (R)*,  Jeff Tate (R)*,  Lane Taylor (R)*,  Joseph Thomas (D)*,  Mike Thompson (R)*,  Angela Turner-Ford (D)*,  Neil Whaley (R)*,  Brice Wiggins (R)*,  Bart Williams (R)*,  Chuck Younger (R)*, 

Conference Report Adopted (on 03/12/2026)

Official Document