MississippiMississippi directs $145 million to disaster aid and recovery loans
Mississippi law directs state officials to move $145 million from the Capital Expense Fund into disaster assistance and local government disaster recovery loan funds.
What it does
The law requires $125 million to move from the Capital Expense Fund into the 2026 Local Governments Disaster Recovery Emergency Loan Fund.
The law requires $20 million to move from the Capital Expense Fund into the Disaster Assistance Trust Fund. It does not set rules for receiving aid.
Argument forPutting money into disaster assistance and recovery loan funds could help support disaster aid and local governments’ recovery efforts.
Argument againstMoving $145 million out of the Capital Expense Fund could leave less money in that fund for other uses.
More detail
The State Treasurer must work with the State Fiscal Officer to transfer $125 million from the Capital Expense Fund. The money goes to the 2026 Local Governments Disaster Recovery Emergency Loan Fund identified in Section 6 of HB 1646. Officials must make the transfer when the law takes effect, from and after its passage.
The State Treasurer must work with the State Fiscal Officer to transfer $20 million from the Capital Expense Fund. The money goes to the Disaster Assistance Trust Fund. Officials must make the transfer when the law takes effect, from and after its passage.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Apr 8Approved by Governor Tate ReevesBecame Law
- Apr 6Enrolled Bill SignedTo Governor
- Apr 6Enrolled Bill Signed
- Mar 31Conference Report Adopted
- Vote recorded Adopt Conference Report. Result: pass.Upper
- Mar 30Conference Report Adopted
- Vote recorded Adopt Conference Report. Result: pass.Lower
- Mar 29Conference Report Filed
- Mar 29Conference Report Filed
- Mar 23Conferees Named Read,Deweese,Oliver
- Mar 19Conferees Named Hopson,DeBar,DeLano
- Mar 18Decline to Concur/Invite Conf
- Mar 6Returned For Concurrence
- Mar 5Passed As AmendedPassed House
- Vote recorded Passage as Amended. Result: pass.Lower
- Mar 5AmendedMajor
- Mar 3Title Suff Do Pass As AmendedMinor
- Mar 3DR - TSDPAA: AC To AP
- Mar 3DR - TSDPAA: AP To AC
- Feb 6Referred To Appropriations A;Accountability, Efficiency, TransparencyMinor
- Feb 3Transmitted To HouseMinor
- Vote recorded Passage. Result: pass.Upper
- Feb 3Immediate Release
- Feb 3PassedPassed Senate
- Feb 3Committee Substitute AdoptedMajor
- Feb 2Title Suff Do Pass Comm SubMinor
- Jan 19Referred To AppropriationsIntroduced
Taxes & BudgetEmergency Management