Red River Basin; flood hazard mitigation projects funding provided, bonds issued, and money appropriated.

HF 692 appropriates $48.586 million in state bond funds to finance flood prevention projects across six specific Red River Basin watershed districts in Minnesota. The bill directly affects communities like Newfolden (removed from floodplains) and funds projects including river rehabilitation, lake retention systems, and flood storage improvements. Key provisions include authorizing the state to issue bonds to cover the costs and setting grant limits (up to 75% of project costs) for approved flood mitigation work. The funding supports concrete infrastructure projects under Minnesota Statutes, not new policy or future legislation.