MN HF692

Appropriates $48,586,000 from bond proceeds to the Commissioner of Natural Resources for flood hazard mitigation grants in the Red River Basin, with state grants covering up to 75% of project costs

Allocates funds to six specific projects: $17,338,000 for Two Rivers Watershed District's Klondike Clean Water Retention Project; $13,748,000 for Bois de Sioux Watershed District's Mustinka River Rehabilitation; $9,000,000 for Roseau River Watershed District's Roseau Lake Rehabilitation

Provides $4,500,000 to Roseau River Watershed District for the Whitney Lake Project design and permitting, and $4,000,000 total to Middle-Snake-Tamarac Rivers Watershed District for flood prevention projects in Newfolden and Nelson Slough/JD 19

Authorizes the Commissioner of Management and Budget to sell and issue up to $48,586,000 in state bonds to fund the appropriations

State may cover the local cost share when project costs exceed 2% of median household income multiplied by the number of households in the municipality