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MN HF1455
Bill
Status
2/24/2025
Primary Sponsor
Paul Torkelson
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AI Summary
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$1,500,000 appropriated from the bond proceeds fund to the Board of Water and Soil Resources for a grant to Minnesota River Basin Projects for flood hazard mitigation capital improvements in Area II
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Funds designated to prevent or alleviate flood damage in Area II of the Minnesota River Basin
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Matching requirement: appropriation not available until the Board determines $1 has been committed from nonstate sources for every $3 of state grant (3:1 state-to-local match ratio)
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Commissioner of management and budget authorized to sell and issue state bonds up to $1,500,000 under Minnesota Statutes sections 16A.631 to 16A.675
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Effective the day following final enactment
Legislative Description
Minnesota River Basin Area II flood hazard mitigation funding provided, bonds issued, and money appropriated.
Last Action
Introduction and first reading, referred to Capital Investment
2/24/2025