Loading chat...
MS SB2827
Bill
Status
Failed
2/25/2026
Primary Sponsor
Derrick Simmons
Click for details
AI Summary
- Creates the Rural Counties and Municipalities Emergency Infrastructure Improvements Fund as a revolving loan program administered by the Mississippi Development Authority (MDA)
- Authorizes $10,000,000 in state general obligation bonds to fund the program, with no bonds issued after July 1, 2030
- Limits eligibility to counties with populations of 30,000 or less and municipalities with populations of 10,000 or less
- Caps individual loans at $250,000 with maximum 5-year terms for emergency repair, maintenance, construction, reconstruction, upgrades, and improvements to infrastructure projects
- Loan repayments return to the fund to maintain its revolving nature, and bonds mature within 25 years with interest exempt from state taxation
Legislative Description
Bonds; create a rural counties and municipalities emergency infrastructure loan program and authorize issuance of bonds.
Last Action
Died In Committee
2/25/2026
Committee Referrals
Finance1/19/2026
Full Bill Text
No bill text available