Hazard Mitigation Revolving Loan Fund Program; establish.
HB 245 establishes a Mississippi Hazard Mitigation Revolving Loan Fund to provide low-cost loans for projects that reduce disaster risks, directly benefiting homeowners, businesses, nonprofits, and communities. The program, administered by the Mississippi Emergency Management Agency (MEMA), funds projects like floodplain management, updated building codes, and hazard planning to decrease property damage, insurance costs, and future disaster aid needs. Loan repayments are recycled into the fund (making it "revolving"), and MEMA sets eligibility rules, requiring applicants to detail project needs and funding sources. The fund must comply with federal disaster laws, and political subdivisions can offer loans to private property owners for mitigation work.
Bill status
died
3 of 5 stages cleared
Introduction
Feb 2025
Committee Review
Feb 2025
House Passage
Feb 2025
Senate Passage
Governor
Introduced Feb 14, 2025
Last action Mar 4, 2025
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Committee Substitute
→
Current version
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1 edit
MINOR
The bill title was updated from 'Committee Substitute' to 'As Passed the House', indicating the bill has moved past the committee stage and been approved by the House of Representatives. This change reflects the bill's progression through the legislative process rather than a substantive policy modification.
TECHNICAL
The bill header was changed from 'Committee Substitute' to 'As Passed the House', indicating the bill has been approved by the House and is now in its current version for further legislative action.
Floor votes · House Feb 13, 2025
How they voted
114–0
Passed · 5 other
Total votes 119
Feb 13, 2025
D
Democratic39
94% Yea
I
Independent2
50% Yea
R
Republican78
97% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
10
Key actions
2
Committee
3
Feb 17, 2025
Committee
Referred To Insurance;Appropriations
upper
Feb 14, 2025
Introduced
Transmitted To Senate
lower
Feb 13, 2025
Lower · Passed
Passed
lower
Feb 4, 2025
Lower · Passed
Title Suff Do Pass Comm Sub
lower
Jan 10, 2025
Committee
Referred To Business and Commerce;Appropriations A
lower
1 primary · 1 co-sponsor
Sponsors
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