Mississippi legislation · 2026 Regular Session
Mississippi HB1317: Hazard Mitigation Revolving Loan Fund Program; establish.
Status: Failed, February 3, 2026
AN ACT TO ESTABLISH THE HAZARD MITIGATION REVOLVING LOAN FUND PROGRAM TO PROVIDE ASSISTANCE FOR PROJECTS THAT WILL REDUCE DISASTER RISKS FOR HOMEOWNERS, BUSINESSES, NONPROFIT ORGANIZATIONS, AND COMMUNITIES IN ORDER TO DECREASE THE LOSS OF LIFE AND PROPERTY, THE COST OF INSURANCE, FEDERAL DISASTER PAYMENTS, OR AS OTHERWISE REQUIRED BY FEDERAL LAW; TO PROVIDE THAT THE MISSISSIPPI EMERGENCY MANAGEMENT AGENCY WILL ADMINISTER THE PROGRAM; TO DEFINE CERTAIN TERMS RELATING TO THE PROGRAM; TO PROVIDE AN APPLICATION PROCESS FOR ENTITIES THAT DESIRE TO PARTICIPATE IN THE PROGRAM; TO CREATE THE HAZARD MITIGATION REVOLVING LOAN FUND AS A SPECIAL FUND IN THE STATE TREASURY; TO PROVIDE THAT THE MISSISSIPPI EMERGENCY MANAGEMENT AGENCY SHALL HAVE ALL POWERS NECESSARY TO IMPLEMENT AND ADMINISTER THE PROGRAM; AND FOR RELATED PURPOSES.
What the bill says
An act to establish the hazard mitigation revolving loan fund program to provide assistance for projects that will reduce disaster risks for homeowners, businesses, nonprofit organizations, and communities in order to decrease the loss of life and property, the cost of insurance, federal disaster payments, or as otherwise required by federal law; to provide that the mississippi emergency management agency will administer the program; to define certain terms relating to the program; to provide an application process for entities that desire to participate in the program…
From the introduced text:
AN ACT TO ESTABLISH THE HAZARD MITIGATION REVOLVING LOAN FUND PROGRAM TO PROVIDE ASSISTANCE FOR PROJECTS THAT WILL REDUCE DISASTER RISKS FOR HOMEOWNERS, BUSINESSES, NONPROFIT ORGANIZATIONS, AND COMMUNITIES IN ORDER TO DECREASE THE LOSS OF LIFE AND PROPERTY, THE COST OF INSURANCE, FEDERAL DISASTER PAYMENTS, OR AS OTHERWISE REQUIRED BY FEDERAL LAW; TO PROVIDE THAT THE MISSISSIPPI EMERGENCY MANAGEMENT AGENCY WILL ADMINISTER THE PROGRAM; TO DEFINE CERTAIN TERMS RELATING TO THE PROGRAM; TO PROVIDE AN APPLICATION PROCESS FOR ENTITIES THAT DESIRE TO PARTICIPATE IN THE PROGRAM; TO CREATE THE HAZARD MITIGATION REVOLVING LOAN FUND AS A SPECIAL FUND IN THE STATE TREASURY; TO PROVIDE THAT THE MISSISSIPPI EMERGENCY MANAGEMENT AGENCY SHALL HAVE ALL POWERS NECESSARY TO IMPLEMENT AND ADMINISTER THE PROGRAM; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. (1) As used in this section, the following words and phrases have the meanings as defined in this subsection unless the context clearly indicates otherwise: (a) "MEMA" means the Mississippi Emergency Management Agency. (b) "Eligible recipient" means a political subdivision, public trust, agency, or commission of the state, or a private entity, to the extent permitted by federal law or federal regulations. *HR26/R247* H. B. No. 1317 ~ OFFICIAL ~ G1/2 26/HR26/R247 PAGE 1 (MCL\KW) (c) "Federal law" means the Robert T. …