The bill appropriates $13,700,000 from the bond proceeds fund to the commissioner of natural resources for flood hazard mitigation grants specifically for the Redpath impoundment project, which is sponsored by the Bois de Sioux Watershed District. It outlines that levee projects should ideally meet a state standard of three feet above the 100-year flood elevation and that project priorities will be determined by the commissioner based on need. Additionally, if any project is deemed not ready to proceed or does not utilize all allocated funds, the commissioner has the authority to reallocate those funds to other priority projects. The bill also stipulates that if project costs exceed a certain threshold related to local household income, the appropriation will cover the local share as well.

To finance this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $13,700,000, 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.