Bill > SF2015

This bill provides $60.4 million in state bond funding specifically for flood mitigation projects in Moorhead, Clay County, and the Buffalo-Red River Watershed District. The appropriation will support publicly owned capital improvements designed to prevent or alleviate flood damage, with a unique provision that allows the state funding to cover local project costs that exceed two percent of the median household income multiplied by the number of households in a given municipality or township. The commissioner of management and budget is authorized to sell and issue state bonds up to the $60.4 million amount, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bill becomes effective immediately after its final enactment, enabling quick implementation of flood mitigation efforts in the specified geographic area. This legislation represents a targeted approach to addressing flood risks by providing significant financial resources for infrastructure improvements and flood protection strategies.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2015&ssn=0&y=2025