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MS HB902

Bill

Official Source

Status

Failed

2/3/2026

Primary Sponsor

Rodney Hall

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Creates the Defense Research and Development Program under the Mississippi Military Department to provide seed and early-stage capital loans to small and medium-sized Mississippi businesses with high growth potential
  • Eligible businesses must be engaged in research and development activities with the Mississippi Military Department, Mississippi National Guard, or Mississippi higher education institutions
  • Establishes the Defense Research and Development Program Fund as a special fund in the State Treasury, separate from the General Fund
  • Fund balances do not lapse at fiscal year end, and interest earnings remain in the fund for program purposes
  • Effective date: July 1, 2026

Legislative Description

Defense Research and Development Program; create.

Last Action

Died In Committee

2/3/2026

Committee Referrals

Military Affairs1/16/2026

Full Bill Text

No bill text available