MI HB4904

Creates the dam risk reduction revolving loan fund within the state treasury to provide loans to dam owners for infrastructure and risk reduction projects, with funds remaining in the account rather than lapsing to the general fund.

Establishes the emergency dam safety action fund to finance remedial actions for unsafe dams when owners are unable or unwilling to act, with the department authorized to recover costs from owners.

Creates an emergency dam safety grant program providing grants to dam owners for repair, reconstruction, or removal of dams, requiring applicants to contribute at least 25% matching funds.

Requires the department to submit an annual report by December 31 detailing fund balances, emergency actions taken, dam locations and owners, expenditures, and enforcement actions, with copies distributed to legislative appropriations committees and the budget director.

Contingent on enactment of either Senate Bill No. ____ or House Bill No. 4906 of the 101st Legislature.