HB 1317

AN ACT TO ESTABLISH THE HAZARD MITIGATION REVOLVING LOAN FUND PROGRAM TO PROVIDE ASSISTANCE FOR PROJECTS THAT WILL REDUCE DISASTER RISKS FOR HOMEOWNERS, BUSINESSES, NONPROFIT ORGANIZATIONS, AND COMMUNITIES IN ORDER TO DECREASE THE LOSS OF LIFE AND PROPERTY, THE COST OF INSURANCE, FEDERAL DISASTER PAYMENTS, OR AS OTHERWISE REQUIRED BY FEDERAL LAW; TO PROVIDE THAT THE MISSISSIPPI EMERGENCY MANAGEMENT AGENCY WILL ADMINISTER THE PROGRAM; TO DEFINE CERTAIN TERMS RELATING TO THE PROGRAM; TO PROVIDE AN APPLICATION PROCESS FOR ENTITIES THAT DESIRE TO PARTICIPATE IN THE PROGRAM; TO CREATE THE HAZARD MITIGATION REVOLVING LOAN FUND AS A SPECIAL FUND IN THE STATE TREASURY; TO PROVIDE THAT THE MISSISSIPPI EMERGENCY MANAGEMENT AGENCY SHALL HAVE ALL POWERS NECESSARY TO IMPLEMENT AND ADMINISTER THE PROGRAM; AND FOR RELATED PURPOSES.