This bill appropriates $1,500,000 from the bond proceeds fund to the Board of Water and Soil Resources for a grant aimed at flood hazard mitigation in Area II of the Minnesota River Basin. The funds are designated for capital improvements intended to prevent or alleviate flood damage. However, the appropriation is contingent upon the Board determining that $1 has been committed from nonstate sources for every $3 of state grant, ensuring a level of financial partnership in the project.

Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $1,500,000 to provide the necessary funding. The bond issuance will follow the procedures outlined in Minnesota Statutes and the Minnesota Constitution. The provisions of this bill will take effect the day after it is enacted.