The bill appropriates $52,200,000 from the bond proceeds fund to the commissioner of natural resources for flood hazard mitigation grants aimed at publicly owned capital improvements in Moorhead, Clay County, and Wilkin County. It outlines specific provisions for levee projects, emphasizing that they should meet a state standard of three feet above the 100-year flood elevation, with project priorities determined by the commissioner based on need and available funding. Notably, $14,710,000 of the appropriation is designated for projects in Moorhead to mitigate flood-prone properties and support the Fargo-Moorhead metropolitan diversion project. Additionally, the bill allows for the local share of project costs if they exceed a certain threshold related to median household income.

To fund this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $52,200,000, following the procedures outlined in Minnesota Statutes and the state constitution. The effective date of this section is set for the day following its final enactment.