"Property Cleanup Revolving Fund"; establish fund by state bonds.

SB 2023 establishes the "Property Cleanup Revolving Fund" in Mississippi's State Treasury, administered by the Mississippi Home Corporation. It directly assists incorporated municipalities (cities, towns, or villages) in cleaning up properties deemed a public health, safety, or welfare hazard under state law or court order. The fund provides grants (limited to municipalities under 10,000 residents and 20% of annual funds) or low-interest loans (up to 100% of cleanup costs) to cover eligible property cleanup projects, with repayment required within 20 years using dedicated revenue sources like property sale proceeds or tax reimbursements. Unspent funds and interest remain in the revolving fund permanently, ensuring ongoing availability for future cleanup efforts.