Bill > SF904

This bill provides $1,500,000 in state bond funding for flood hazard mitigation in Area II of the Minnesota River Basin, specifically to support Minnesota River Basin Projects in implementing capital improvements to prevent or reduce flood damage. The funding is contingent on a matching requirement, where for every $3 of state grant money, $1 must be committed from non-state sources. The commissioner of management and budget is authorized to sell and issue state bonds up to $1,500,000 to finance this appropriation, following standard state bonding procedures outlined in Minnesota Statutes sections 16A.631 to 16A.675 and in accordance with the Minnesota Constitution. The bill becomes effective immediately after final enactment, enabling the Board of Water and Soil Resources to proceed with the grant allocation once the matching funds are secured.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF0904&ssn=0&y=2025