The bill appropriates $7,000,000 from the bond proceeds fund to the commissioner of natural resources for a grant to the Rice Creek Watershed District. This funding is designated for flood hazard mitigation projects specifically in the marked Interstate Highway 35W corridor, which includes the construction of water storage and treatment basins, as well as enhancements to water conveyance systems. The aim is to alleviate flooding issues in the cities of New Brighton, St. Anthony Village, and Roseville.

To finance this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $7,000,000. The bond sale will be conducted in accordance with the relevant Minnesota Statutes and the state constitution. The provisions of this bill will take effect the day following its final enactment.