Minnesota River Basin Area II flood hazard mitigation bond issue and appropriation

This bill authorizes $1.5 million in state bonds to fund flood hazard mitigation projects in Area II of the Minnesota River Basin. It requires that for every $3 in state funds provided, $1 must be committed from nonstate sources (e.g., local governments or private partners) before state money is released. The funds will be administered by the Board of Water and Soil Resources to support capital improvements aimed at preventing or reducing flood damage in the specified basin area. This is a funding mechanism, not a new policy, focused on concrete flood risk reduction efforts.