WeVote
Log In

Bill

Bill

SF 904

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

2025-2026 Regular Session Introduced by Gary Dahms and 2 co-sponsors

Authorizes a general obligation bond and related appropriations to fund flood hazard mitigation in the Minnesota River Basin Area II, reducing flood risk for communities.

Referred to Capital Investment
#bonds #waterandsoilconservation
0
WeVote Research Nonpartisan
Bill Summary · SF 904

SF 904 — Minnesota River Basin Area II flood hazard mitigation bond issue and appropriation — Summary

What the bill would do

  • SF 904 would authorize a bond issue to fund flood hazard mitigation projects in the Minnesota River Basin Area II and provide related state appropriations aimed at reducing flood risk in that area.
  • The bill is designed to support flood risk reduction efforts through a dedicated financial instrument (bonding) and earmarked state funds.

Purpose and intent

  • The core purpose is to advance flood hazard mitigation within Minnesota River Basin Area II, leveraging bonds to create a financing mechanism for eligible projects and providing state resources to support implementation.
  • By pairing bonding authorization with appropriation, the bill seeks to ensure that funding is available for mitigation activities in the specified basin area.

Key provisions (as introduced)

  • The bill would authorize a general obligation bond issue targeted to flood hazard mitigation in Area II of the Minnesota River Basin.
  • It would provide appropriations to support the approved mitigation projects or related activities.
  • Specific project eligibility, bond terms (e.g., total amount, interest rates, maturities), use of proceeds, and any matching requirements or oversight provisions are not specified in the available summary text.
  • Administrative and reporting mechanisms are typically part of this kind of measure, though exact language is not provided here.

Affected parties

  • State government entities responsible for flood control, water resources, and soil conservation (e.g., agencies typically involved in flood mitigation and infrastructure funding).
  • Local and regional governments within Minnesota River Basin Area II that would design, implement, or benefit from mitigation projects.
  • Stakeholders and taxpayers in the basin area, who would ultimately bear debt service costs and/or benefit from reduced flood risk.

Procedural status and timeline

  • Introduced: February 3, 2025.
  • Legislative action: Referred to the Senate Capital Investment committee (Cap Investment) for consideration.
  • House companion: HF 1455, indicating a parallel effort in the House of Representatives.

Relationship to related legislation

  • HF 1455 is the companion bill in the House, suggesting coordinated or parallel policy goals across chambers and potential for cross-chamber amendments or negotiation.

Potential fiscal and practical implications

  • Public debt: Authorization of a bond issue would create a debt obligation subject to state debt management and repayment plans.
  • Budget impact: Appropriations would impact state fiscal resources and could influence capital budgeting priorities.
  • Local benefits: Targeted flood hazard mitigation could reduce flood risk, protect property and infrastructure, and support watershed management in Area II.

Next steps

  • As the bill is in early stages, it would undergo further committee hearings, potential amendments, and floor votes in the Senate. If advanced, the companion HF 1455 in the House would similarly progress through its committee processes.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.