Local Governments Disaster Recovery Emergency Loan Program; create.
(S) Died In Committee
Summary
The bill establishes the 2026 Local Governments Disaster Recovery Emergency Loan Fund, which the Mississippi Emergency Management Agency (MEMA) would administer to provide loans to local governments that have applied for FEMA assistance. Loans would cover eligible disaster‑related expenses, require a dedicated revenue source for repayment, and be subject to strict reporting and audit rules. The measure also exempts MEMA from certain procurement‑board approvals for contracts related to the loan program.
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