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House approves 'Make Mississippi Resilient and Strong' mitigation fund, relies on insurer premium‑tax rebates
Summary
The House passed a mitigation program bill to fund property resilience projects via insurance‑industry premium‑tax rebates, aiming for about $10 million a year and up to $15,000 per applicant. Lawmakers asked about applicant limits, first‑come/first‑served rules, and how the fund will be capitalized. Final vote recorded.
The House approved a bill creating the "Make Mississippi Resilient and Strong" mitigation program to fund property resilience and mitigation projects statewide. The bill establishes a funding mechanism that uses an insurance premium‑tax rebate model: insurers remit into the fund and receive a rebate on their premium tax, and the fund pays mitigation grants to eligible residential or commercial…
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