Bill

Bill > HF2224


MN HF2224

MN HF2224
City of Moorhead, Clay County, and Buffalo-Red River Watershed District flood mitigation funding provided; bonds issued; and money appropriated.


summary

Introduced
03/12/2025
In Committee
03/12/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to capital investment; appropriating money for flood mitigation in the city of Moorhead, Clay County, and the Buffalo-Red River Watershed District; authorizing the sale and issuance of state bonds.

AI Summary

This bill provides $60,400,000 in state bond funding for flood mitigation projects in Moorhead, Clay County, and the Buffalo-Red River Watershed District. The appropriation will be used for publicly owned capital improvements aimed at preventing or alleviating flood damage, with the funding coming from state bond proceeds. If the cost of a project exceeds two percent of the median household income in a municipality or township multiplied by the number of households, the appropriation will also cover the local share of the project. The commissioner of management and budget is authorized to sell and issue state bonds up to $60,400,000 to provide the funding, following standard state bonding procedures outlined in Minnesota statutes and the state constitution. The bill is designed to help these specific communities address flood-related infrastructure challenges and protect public assets from potential water-related damage. The legislation becomes effective immediately after its final enactment.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Hearing (10:15:00 3/20/2025 ) (on 03/20/2025)

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