Hazard Mitigation Revolving Loan Fund Program; establish.

Summary

The bill would establish a Hazard Mitigation Revolving Loan Fund administered by the Mississippi Emergency Management Agency. Eligible public entities and, where allowed by federal law, private groups could apply for loans to fund projects that lower the risk of floods, storms or other hazards. Loan repayments would be returned to the fund so it can be used for future projects.

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