Bill

Bill > SF1535


MN SF1535

Local road wetland replacement program bond issuance and appropriation


summary

Introduced
02/17/2025
In Committee
04/03/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to capital investment; appropriating money for the local road wetland replacement program; authorizing the sale and issuance of state bonds.

AI Summary

This bill establishes a local road wetland replacement program by appropriating funds to the Board of Water and Soil Resources to acquire land and restore wetlands impacted by public road repair and reconstruction. Specifically, the bill provides $15 million from bond proceeds and $11.5 million from the general fund in fiscal year 2026, with an additional $7.5 million in both fiscal years 2026 and 2027 from the general fund. The board is authorized to purchase land or permanent easements at fair market value and can work with various entities like federal agencies, nonprofits, and private organizations to acquire wetland replacement credits. The bill allows flexibility in prioritizing wetland replacement and implementing in-lieu fee agreements approved by the U.S. Army Corps of Engineers under the Clean Water Act. An additional $2 million per year in fiscal years 2026 and 2027 is allocated for administering the program, with unused administrative funds able to be redirected to wetland replacement efforts. The bill requires the commissioner of management and budget to sell state bonds up to $15 million to fund the program, and it becomes effective immediately after final enactment.

Committee Categories

Agriculture and Natural Resources, Budget and Finance

Sponsors (3)

Last Action

Comm report: To pass and re-referred to Capital Investment (on 04/03/2025)

bill text


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