Bonds; authorize issuance to provide funds for the 2026 Local Governments Disaster Recovery Emergency Loan Fund.

HB 4090 authorizes Mississippi to issue up to $50 million in state general obligation bonds to fund the 2026 Local Governments Disaster Recovery Emergency Loan Fund, established by Senate Bill 2632. The bonds must be issued by July 1, 2030, with proceeds deposited directly into the loan fund to provide emergency loans to local governments recovering from disasters. The State Bond Commission will manage the bond issuance process, including sale methods and debt service payments. This bill creates a dedicated funding source for local governments to access rapid financial assistance after qualifying disaster events.