HB1648 Vetoed - Gulf Coast Restoration Revolving Loan Program
Mississippi Legislative Events
Summary
Mississippi House Bill HB1648, which would have established the Gulf Coast Restoration Revolving Loan Program administered by the Department of Finance and Administration and the South Mississippi Planning and Development District, was vetoed on April 13, 2026. The program would have provided loan assistance to eligible applicants for Gulf Coast restoration projects at interest rates not exceeding 3.5% per annum, with annual reporting requirements to legislative leadership.
What changed
Mississippi HB1648 was vetoed by the governor on April 13, 2026, preventing the establishment of the Gulf Coast Restoration Revolving Loan Program. The bill would have created a special fund in the State Treasury administered by the Department of Finance and Administration and the South Mississippi Planning and Development District, providing loan assistance at fixed interest rates not exceeding 3.5% per annum.
Affected parties including eligible applicants in the Gulf Coast region, local planning districts, and state agencies should note that this loan program will not be implemented. Legislative efforts to fund Gulf Coast restoration projects through this mechanism have concluded without passage, and parties seeking restoration funding should monitor for alternative legislative approaches.
What to do next
- Monitor for new legislation addressing Gulf Coast restoration funding
Archived snapshot
Apr 14, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
ChangeBridge / Mississippi / HB1648 Vetoed HB1648 House Bill Vetoed 2026-04-13
Gulf Coast Restoration Revolving Loan Program; establish.
An Act To Establish The Gulf Coast Restoration Revolving Loan Program For The Purpose Of Providing Loan Assistance To Eligible Applicants For Eligible Projects In The Gulf Coast Region; To Provide That The Program Shall Be Administered By The Department Of Finance And Administration And The South Mississippi Planning And Development District; To Create A Special Fund In The State Treasury To Be Designated As The Gulf Coast Restoration Revolving Loan Program Fund; To Provide That Monies In The Revolving Fund Shall Be Administered By The Department And The District, And Shall Be Used, Only Upon Appropriation By The Legislature, For The Purpose Of Providing Loan Assistance To Eligible Applicants For Eligible Projects, Which Shall Be Determined By The Legislature By Separate Line Items In An Appropriation Bill; To Provide That After The Mississippi Development Authority Has Presented The Legislature With The Applications For Assistance And Its Recommendations For Assistance To Individual Projects From The Gulf Coast Restoration Fund (gcrf), The Legislature May Authorize Loan Assistance To Eligible Applicants For Individual Eligible Projects Under This Act; To Provide That The Legislature Shall Determine The Individual Projects For Which Loan Assistance Will Be Provided Under This Act By Separate Line Items In The Appropriation Bill For The Department Of Finance And Administration; To Provide That An Eligible Applicant May Receive Loan Assistance Under This Act In Addition To Receiving Assistance From The Gcrf, And An Eligible Applicant May Receive Loan Assistance Under This Act Without Receiving Assistance From The Gcrf; To Provide That It Is Not A Requirement That An Eligible Applicant Be A Recipient Of Assistance From The Gcrf In Order To Receive Loan Assistance Under This Act; To Provide That The Department Shall Provide The District With Monies From The Revolving Fund That Are Sufficient To Make The Loan Assistance That Has Been Authorized By The Legislature In The Appropriation Bill; To Provide That The Interest Rate On Loans Made Under This Section Shall Be Determined By The District, But Not More Than Three And One Half Percent Per Annum Fixed Interest Rate; To Provide That The District Shall Administer The Loans Made Under This Act By Distributing The Funds To The Recipients And Receiving The Repayments Of Principal And Interest Derived From Loans, Which Shall Be Deposited In The Revolving Fund To Be Used For Additional Loan Assistance; To Provide That The Department Shall Promulgate Such Rules, Regulations And Procedures As Necessary To Effectuate The Purposes Of This Act; To Provide That All Expenses Of The Department In Carrying Out Its Duties And Responsibilities Under This Act Shall Be Paid From Funds In The Revolving Fund; To Require The Department To File An Annual Report With The Speaker Of The House, The Lieutenant Governor, The Chairs Of The Appropriations Committees Of The House And The Senate, And The Legislative Budget Office Not Later Than December 1 Of Each Year, Which Shall Include Detailed Information Regarding Certain Specific Areas; And For Related Purposes.
Bill Details
State Mississippi
Session 2026 Regular Session
Chamber House
Official Source billstatus.ls.state.ms.us/2026/pdf/history...
LegiScan View on LegiScan
Sponsors
John Read (Rep - R) Angela Cockerham (Rep - I)
Action History
2026-04-13 Vetoed 2026-04-06 S Enrolled Bill Signed 2026-04-06 H Enrolled Bill Signed 2026-04-02 H Immediate Release 2026-04-02 H Conference Report Adopted 2026-04-02 S Conference Report Adopted 2026-04-01 H Conference Report Filed 2026-04-01 S Conference Report Filed 2026-03-30 S Recommitted For Further Conf 2026-03-30 H Recommitted For Further Conf 2026-03-30 S Conference Report Filed 2026-03-30 H Conference Report Filed 2026-03-19 S Conferees Named Hopson,DeBar,Harkins 2026-03-19 H Conferees Named Oliver,Deweese,Cockerham 2026-03-18 H Decline to Concur/Invite Conf 2026-03-05 S Returned For Concurrence 2026-03-04 S Passed As Amended 2026-03-04 S Amended 2026-02-26 S Title Suff Do Pass As Amended 2026-02-13 S Referred To Appropriations 2026-02-06 H Transmitted To Senate 2026-02-05 H Passed 2026-01-29 H Title Suff Do Pass 2026-01-29 H DR - TSDP: AP To A4 2026-01-28 H DR - TSDP: A4 To AP 2026-01-19 H Referred To Appropriations E;Appropriations A
Votes
2026-02-05 House Passed Yea: 121 Nay: 0 2026-03-04 Senate Passed As Amended Yea: 51 Nay: 0 2026-04-02 Senate Conference Report Adopted Yea: 52 Nay: 0 2026-04-02 House Conference Report Adopted Yea: 118 Nay: 0
Committee Referrals
2026-01-19 H Appropriations E 2026-02-13 S Appropriations
Amendments
0000-00-00 Senate Committee Amendment No 1
Bill Text Versions
2026-01-22 Introduced 2026-02-06 Engrossed 2026-04-06 Enrolled Legislative data powered by LegiScan (CC BY 4.0)
Named provisions
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