HB 1648 — Gulf Coast Restoration Revolving Loan Program; establish.
Last action — 04/15 (H) Veto Overridden
-
1Introduced
-
2In Committee
-
3Passed House
-
4Passed Senate
-
5To Executive
-
6Enacted
This bill has been introduced in the House. Introduced January 19, 2026. It must pass committee before a floor vote.
Signed by Governor Tate Reeves (Republican) on April 06, 2026.
Next likely step: a committee referral and hearing.
Odds of enactment
Low chanceBased on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.
Upgrade to see the exact probability and what's driving it.
A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.
Prognosis
-
Introduced
Current position in the legislative process.
-
1 sponsor
1 primary, 0 co-sponsors signed on.
-
Single-party support
Sponsorship is currently within one party (1 R).
-
Cleared a recorded vote
Passed 3 recorded votes so far.
Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.
Summary
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 Text
- Text View text Current pdf
Action History
-
04/15 (H) Veto Overridden
-
04/15 Suspend from Deadlines by HC 65
-
04/13 Vetoed
-
04/06 (S) Enrolled Bill Signed
-
04/06 (H) Enrolled Bill Signed
-
04/02 (H) Immediate Release
-
04/02 (H) Conference Report Adopted
-
04/02 (S) Conference Report Adopted
-
04/01 (H) Conference Report Filed
-
04/01 (S) Conference Report Filed
-
03/30 (S) Recommitted For Further Conf
-
03/30 (H) Recommitted For Further Conf
-
03/30 (S) Conference Report Filed
-
03/30 (H) Conference Report Filed
-
03/19 (S) Conferees Named Hopson,DeBar,Harkins
-
03/19 (H) Conferees Named Oliver,Deweese,Cockerham
-
03/18 (H) Decline to Concur/Invite Conf
-
03/05 (S) Returned For Concurrence
-
03/04 (S) Passed As Amended
-
03/04 (S) Amended
-
02/26 (S) Title Suff Do Pass As Amended
-
02/13 (S) Referred To Appropriations
-
02/06 (H) Transmitted To Senate
-
02/05 (H) Passed
-
01/29 (H) Title Suff Do Pass
-
01/29 (H) DR - TSDP: AP To A4
-
01/28 (H) DR - TSDP: A4 To AP
-
01/19 (H) Referred To Appropriations E;Appropriations A
Sponsors
- John Read · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 174 not signed on
Sponsors (1)
- John Read Republican
Co-sponsors (0)
None.
Not signed on (174)
174 members have not signed on to this bill.
Show all 174 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 67 | 0 | 0 | 0 |
| Unaffiliated | 24 | 0 | 0 | 1 |
| Democrat | 25 | 0 | 0 | 3 |
| Independent | 2 | 0 | 0 | 0 |
| Total | 118 | 0 | 0 | 4 |
| % of votes cast | 97% | 0% | 0% | 3% |
How each member voted (122)
| Member | Party | Vote |
|---|---|---|
| Anderson (110th) | — | Yea |
| Anderson (122nd) | — | Yea |
| Bailey (23rd) | — | Yea |
| Bailey (49th) | — | Yea |
| Barnett | — | Yea |
| Bell (21st) | — | Yea |
| Bell (65th) | — | Yea |
| Blackmon | — | Yea |
| Boyd (19th) | — | Yea |
| Boyd (37th) | — | Yea |
| Ford (54th) | — | Yea |
| Ford (73rd) | — | Yea |
| Gibbs (36th) | — | Yea |
| Gibbs (72nd) | — | Yea |
| Holloway (27th) | — | Yea |
| Holloway (76th) | — | Yea |
| Jackson (11th) | — | Yea |
| Jackson (45th) | — | Yea |
| Johnson | — | Yea |
| Ladner | — | Yea |
| Taylor | — | Yea |
| Thompson | — | Yea |
| Williams | — | Yea |
| Mr. Speaker | — | Yea |
| Blackwell | — | Not Voting |
| Bo Brown | Democrat | Not Voting |
| Bob Evans | Democrat | Yea |
| Bryant W. Clark | Democrat | Yea |
| Carl Mickens | Democrat | Yea |
| Cedric Burnett | Democrat | Yea |
| Daryl Porter | Democrat | Yea |
| Earle S. Banks | Democrat | Yea |
| Fabian Nelson | Democrat | Yea |
| Gregory Elliott | Democrat | Yea |
| Hester Jackson McCray | Democrat | Yea |
| Jeffery Harness | Democrat | Yea |
| Jeffrey Hulum III | Democrat | Yea |
| John G. Faulkner | Democrat | Yea |
| John W. Hines, Sr. | Democrat | Yea |
| Justin Crosby | Democrat | Yea |
| Kabir Karriem | Democrat | Not Voting |
| Omeria Scott | Democrat | Yea |
| Oscar Denton | Democrat | Yea |
| Otis Anthony | Democrat | Yea |
| Percy W. Watson | Democrat | Yea |
| Robert L. Sanders | Democrat | Yea |
| Ronnie C. Crudup | Democrat | Yea |
| Solomon C. Osborne | Democrat | Yea |
| Stephanie Foster | Democrat | Yea |
| Tamarra Butler-Washington | Democrat | Yea |
| Timaka James-Jones | Democrat | Yea |
| Tracey T. Rosebud | Democrat | Yea |
| Zakiya Summers | Democrat | Not Voting |
| Angela Cockerham | Independent | Yea |
| Shanda Yates | Independent | Yea |
| Becky Currie | Republican | Yea |
| Beth Luther Waldo | Republican | Yea |
| Bill Kinkade | Republican | Yea |
| Bill Pigott | Republican | Yea |
| Billy Adam Calvert | Republican | Yea |
| Brad Mattox | Republican | Yea |
| Brent Powell | Republican | Yea |
| C. Scott Bounds | Republican | Yea |
| Carolyn Crawford | Republican | Yea |
| Casey Eure | Republican | Yea |
| Celeste Hurst | Republican | Yea |
| Clay Deweese | Republican | Yea |
| Clay Mansell | Republican | Yea |
| Dan Eubanks | Republican | Yea |
| Dana McLean | Republican | Yea |
| Donnie Scoggin | Republican | Yea |
| Elliot Burch | Republican | Yea |
| Fred Shanks | Republican | Yea |
| Gene Newman | Republican | Yea |
| Greg Haney | Republican | Yea |
| Henry Zuber III | Republican | Yea |
| Jansen Owen | Republican | Yea |
| Jay McKnight | Republican | Yea |
| Jeff Hale | Republican | Yea |
| Jeffrey S. Guice | Republican | Yea |
| Jerry R. Turner | Republican | Yea |
| Jim Estrada | Republican | Yea |
| Jimmy Fondren | Republican | Yea |
| Jody Steverson | Republican | Yea |
| Joey Hood | Republican | Yea |
| John Read | Republican | Yea |
| John Thomas "Trey" Lamar, III | Republican | Yea |
| Jonathan McMillan | Republican | Yea |
| Joseph Tubb | Republican | Yea |
| Josh Hawkins | Republican | Yea |
| Justin Keen | Republican | Yea |
| Karl Oliver | Republican | Yea |
| Ken Morgan | Republican | Yea |
| Kent McCarty | Republican | Yea |
| Kevin Felsher | Republican | Yea |
| Kevin Horan | Republican | Yea |
| Kimberly Remak | Republican | Yea |
| Lance Varner | Republican | Yea |
| Larry Byrd | Republican | Yea |
| Lee Yancey | Republican | Yea |
| Lester Carpenter | Republican | Yea |
| Manly Barton | Republican | Yea |
| Mark Tullos | Republican | Yea |
| Missy McGee | Republican | Yea |
| Noah Sanford | Republican | Yea |
| Price Wallace | Republican | Yea |
| Randy Rushing | Republican | Yea |
| Richard Bennett | Republican | Yea |
| Rob Roberson | Republican | Yea |
| Rodney Hall | Republican | Yea |
| Sam C. Mims, V | Republican | Yea |
| Sam Creekmore IV | Republican | Yea |
| Shane Aguirre | Republican | Yea |
| Stacey Hobgood-Wilkes | Republican | Yea |
| Stephen A. Horne | Republican | Yea |
| Steve Lott | Republican | Yea |
| Steve Massengill | Republican | Yea |
| Troy Smith | Republican | Yea |
| Vince Mangold | Republican | Yea |
| W.I. "Doc" Harris | Republican | Yea |
| William Tracy Arnold | Republican | Yea |
| Zachary Grady | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 13 | 0 | 0 | 1 |
| Republican | 27 | 0 | 0 | 0 |
| Democrat | 11 | 0 | 0 | 0 |
| Total | 51 | 0 | 0 | 1 |
| % of votes cast | 98% | 0% | 0% | 2% |
How each member voted (52)
| Member | Party | Vote |
|---|---|---|
| Barnett | — | Yea |
| Blackmon | — | Yea |
| Blackwell | — | Yea |
| Boyd | — | Yea |
| Gillespie Isom | — | Yea |
| Jackson | — | Yea |
| Johnson | — | Yea |
| Ladner | — | Yea |
| Simmons D. T. (12th) | — | Yea |
| Simmons S. (13th) | — | Yea |
| Taylor | — | Yea |
| Turner-Ford | — | Yea |
| Williams | — | Yea |
| Thompson | — | Not Voting |
| Albert Butler | Democrat | Yea |
| David Blount | Democrat | Yea |
| Gary Brumfield | Democrat | Yea |
| Hillman Terome Frazier | Democrat | Yea |
| Hob Bryan | Democrat | Yea |
| Johnny DuPree | Democrat | Yea |
| Joseph Thomas | Democrat | Yea |
| Justin Pope | Democrat | Yea |
| Kamesha Mumford | Democrat | Yea |
| Rod Hickman | Democrat | Yea |
| Sollie B. Norwood | Democrat | Yea |
| Andy Berry | Republican | Yea |
| Angela Burks Hill | Republican | Yea |
| Benjamin Suber | Republican | Yea |
| Brian Rhodes | Republican | Yea |
| Brice Wiggins | Republican | Yea |
| Briggs Hopson | Republican | Yea |
| Chad McMahan | Republican | Yea |
| Chuck Younger | Republican | Yea |
| Daniel H. Sparks | Republican | Yea |
| Dean Kirby | Republican | Yea |
| Dennis DeBar, Jr. | Republican | Yea |
| Don Hartness | Republican | Yea |
| J. Walter Michel | Republican | Yea |
| Jason Barrett | Republican | Yea |
| Jeff Tate | Republican | Yea |
| Jeremy England | Republican | Yea |
| Joel R. Carter, Jr. | Republican | Yea |
| Joey Fillingane | Republican | Yea |
| Joseph M. Seymour | Republican | Yea |
| Josh Harkins | Republican | Yea |
| Kathy L. Chism | Republican | Yea |
| Lydia Graves Chassaniol | Republican | Yea |
| Michael McLendon | Republican | Yea |
| Neil S. Whaley | Republican | Yea |
| Rita Potts Parks | Republican | Yea |
| Scott DeLano | Republican | Yea |
| Tyler McCaughn | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 66 | 0 | 0 | 1 |
| Unaffiliated | 26 | 0 | 0 | 0 |
| Democrat | 28 | 0 | 0 | 0 |
| Independent | 2 | 0 | 0 | 0 |
| Total | 122 | 0 | 0 | 1 |
| % of votes cast | 99% | 0% | 0% | 1% |
How each member voted (123)
| Member | Party | Vote |
|---|---|---|
| Anderson (110th) | — | Yea |
| Anderson (122nd) | — | Yea |
| Bailey (23rd) | — | Yea |
| Bailey (49th) | — | Yea |
| Barnett | — | Yea |
| Bell (21st) | — | Yea |
| Bell (65th) | — | Yea |
| Blackmon | — | Yea |
| Blackwell | — | Yea |
| Boyd (19th) | — | Yea |
| Boyd (37th) | — | Yea |
| Washington | — | Yea |
| Ford (54th) | — | Yea |
| Ford (73rd) | — | Yea |
| Gibbs (36th) | — | Yea |
| Gibbs (72nd) | — | Yea |
| Holloway (27th) | — | Yea |
| Holloway (76th) | — | Yea |
| Jackson (11th) | — | Yea |
| Jackson (45th) | — | Yea |
| Johnson | — | Yea |
| Ladner | — | Yea |
| Taylor | — | Yea |
| Thompson | — | Yea |
| Williams | — | Yea |
| Mr. Speaker | — | Yea |
| Albert Butler | Democrat | Yea |
| Bo Brown | Democrat | Yea |
| Bob Evans | Democrat | Yea |
| Bryant W. Clark | Democrat | Yea |
| Carl Mickens | Democrat | Yea |
| Cedric Burnett | Democrat | Yea |
| Daryl Porter | Democrat | Yea |
| Earle S. Banks | Democrat | Yea |
| Fabian Nelson | Democrat | Yea |
| Gregory Elliott | Democrat | Yea |
| Hester Jackson McCray | Democrat | Yea |
| Jeffery Harness | Democrat | Yea |
| Jeffrey Hulum III | Democrat | Yea |
| John G. Faulkner | Democrat | Yea |
| John W. Hines, Sr. | Democrat | Yea |
| Justin Crosby | Democrat | Yea |
| Kabir Karriem | Democrat | Yea |
| Omeria Scott | Democrat | Yea |
| Oscar Denton | Democrat | Yea |
| Otis Anthony | Democrat | Yea |
| Percy W. Watson | Democrat | Yea |
| Robert L. Sanders | Democrat | Yea |
| Ronnie C. Crudup | Democrat | Yea |
| Solomon C. Osborne | Democrat | Yea |
| Stephanie Foster | Democrat | Yea |
| Timaka James-Jones | Democrat | Yea |
| Tracey T. Rosebud | Democrat | Yea |
| Zakiya Summers | Democrat | Yea |
| Angela Cockerham | Independent | Yea |
| Shanda Yates | Independent | Yea |
| Becky Currie | Republican | Yea |
| Beth Luther Waldo | Republican | Yea |
| Bill Kinkade | Republican | Yea |
| Bill Pigott | Republican | Yea |
| Billy Adam Calvert | Republican | Yea |
| Brad Mattox | Republican | Yea |
| Brent Powell | Republican | Yea |
| C. Scott Bounds | Republican | Yea |
| Carolyn Crawford | Republican | Yea |
| Casey Eure | Republican | Yea |
| Celeste Hurst | Republican | Yea |
| Clay Deweese | Republican | Yea |
| Clay Mansell | Republican | Yea |
| Dan Eubanks | Republican | Yea |
| Dana McLean | Republican | Yea |
| Donnie Scoggin | Republican | Yea |
| Elliot Burch | Republican | Yea |
| Fred Shanks | Republican | Yea |
| Gene Newman | Republican | Yea |
| Greg Haney | Republican | Yea |
| Henry Zuber III | Republican | Yea |
| Jansen Owen | Republican | Yea |
| Jay McKnight | Republican | Yea |
| Jeff Hale | Republican | Yea |
| Jeffrey S. Guice | Republican | Yea |
| Jerry R. Turner | Republican | Yea |
| Jim Estrada | Republican | Yea |
| Jimmy Fondren | Republican | Yea |
| Jody Steverson | Republican | Yea |
| Joey Hood | Republican | Yea |
| John Read | Republican | Yea |
| John Thomas "Trey" Lamar, III | Republican | Yea |
| Jonathan McMillan | Republican | Yea |
| Joseph Tubb | Republican | Yea |
| Josh Hawkins | Republican | Yea |
| Justin Keen | Republican | Yea |
| Karl Oliver | Republican | Yea |
| Ken Morgan | Republican | Yea |
| Kent McCarty | Republican | Yea |
| Kevin Felsher | Republican | Yea |
| Kevin Horan | Republican | Yea |
| Kimberly Remak | Republican | Yea |
| Lance Varner | Republican | Yea |
| Larry Byrd | Republican | Yea |
| Lee Yancey | Republican | Yea |
| Lester Carpenter | Republican | Yea |
| Manly Barton | Republican | Yea |
| Mark Tullos | Republican | Yea |
| Missy McGee | Republican | Yea |
| Noah Sanford | Republican | Not Voting |
| Price Wallace | Republican | Yea |
| Randy Rushing | Republican | Yea |
| Richard Bennett | Republican | Yea |
| Rob Roberson | Republican | Yea |
| Rodney Hall | Republican | Yea |
| Sam C. Mims, V | Republican | Yea |
| Sam Creekmore IV | Republican | Yea |
| Shane Aguirre | Republican | Yea |
| Stacey Hobgood-Wilkes | Republican | Yea |
| Stephen A. Horne | Republican | Yea |
| Steve Lott | Republican | Yea |
| Steve Massengill | Republican | Yea |
| Troy Smith | Republican | Yea |
| Vince Mangold | Republican | Yea |
| W.I. "Doc" Harris | Republican | Yea |
| William Tracy Arnold | Republican | Yea |
| Zachary Grady | Republican | Yea |
Subjects
Frequently asked questions
- What does HB 1648 do?
- 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.
- Who sponsors HB 1648?
- HB 1648 is sponsored by John Read (Republican).
- What is the current status of HB 1648?
- This bill has been introduced in the House. Introduced January 19, 2026. It must pass committee before a floor vote.
- Where can I track HB 1648?
- Track HB 1648 free on One Click Politics — get push/email alerts when it moves.
Make your voice heard on HB 1648
Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.
Stay ahead of HB 1648
Last checked for changes 3 months ago · updated continuously
One Click Politics tracks every bill in Congress and all 50 states.
Track this bill →