MS HB4090

Authorizes Mississippi to issue up to $50,000,000 in state general obligation bonds to fund the 2026 Local Governments Disaster Recovery Emergency Loan Fund established by Senate Bill 2632

Bonds must be issued before July 1, 2030, and may mature up to 25 years from date of issue

The State Bond Commission will oversee bond issuance, including determining sale method, advertising for bids, and setting terms such as interest rates and redemption provisions

Bonds are backed by the full faith and credit of Mississippi, with the State Treasurer authorized to pay principal and interest from state funds if legislative appropriations are insufficient

Bond proceeds and income are exempt from all Mississippi state taxation and qualify as legal investments for trustees, fiduciaries, and financial institutions