Governor Vetoes Winter Storm Aid Bill Over Interest Rate Dispute
Aid for Mississippi survivors of Winter Storm Fern is uncertain after Governor Tate Reeves vetoed Senate Bill 2632, which would have provided loans to local governments for storm damage. The governor cited an unconstitutional change to the bill’s interest rate language, accusing legislative staff of altering the term from “monthly” to “annually” after it had been presented to him. Lt. Governor Delbert Hosemann and Senator Tyler McCaughn countered that the change was intentional and unanimous to prevent a burdensome 12% interest rate, asserting the governor’s accusations were inaccurate and malicious. The Legislature may attempt to override the veto, with proponents emphasizing their commitment to supporting storm-affected communities.
John Q. Hosedrinker