Mississippi HB4090 authorizes the issuance of state bonds to fund the 2026 Local Governments Disaster Recovery Emergency Loan Fund.
Mississippi HB4090 authorizes the issuance of state general obligation bonds to provide funds for the 2026 Local Governments Disaster Recovery Emergency Loan Fund. The bonds, up to a total of $50,000,000, can be issued until July 1, 2030. The proceeds from these bonds will be deposited into the specified fund and used for disaster recovery efforts. The bonds are exempt from all state taxes and are considered general obligations of the state, backed by the full faith and credit of Mississippi.
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