Bonds; create a rural counties and municipalities emergency infrastructure loan program and authorize issuance of bonds.

SB 2827 creates a program providing loans to rural Mississippi counties (population ≤ 30,000) and municipalities (population ≤ 10,000) for emergency infrastructure repairs, maintenance, construction, and upgrades. The Mississippi Development Authority will administer the program using a special fund backed by up to $10 million in state bonds, with each loan capped at $250,000 for a maximum term of five years. Repayments on these loans will replenish the fund, ensuring long-term availability of resources without annual legislative appropriations. The bill directly supports local governments facing urgent infrastructure challenges by providing accessible, short-term financial assistance.