Bill
HB 1461
Mississippi expands capital improvement loan program eligibility and extends MDA operational spending authority, broadening infrastructure financing options for local governments.
HB 1461 expands Mississippi's local government capital improvements revolving loan program by revising what qualifies as "capital improvements" and extends the deadline for the Mississippi Department of Agriculture (MDA) to use certain funds for operational expenses. The bill essentially broadens the types of projects eligible for these low-interest revolving loans and provides continued flexibility for agricultural agency spending.
Local governments rely on affordable financing mechanisms to fund infrastructure projects like water systems, roads, and public facilities. By expanding eligible project types, the bill potentially makes more communities and projects accessible to this funding source. The MDA extension affects how agricultural programs allocate resources and manage their operational budget constraints.
Compiled from official sources — confirm details with the bill’s official record.
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