The bill amends the existing law regarding the St. Anthony Falls study by extending the due date for the completion of the study and the availability of funds. Specifically, it changes the deadline from July 1, 2025, to July 1, 2026, and extends the appropriation availability from June 30, 2025, to June 30, 2026. The study, which is funded with a $1,000,000 appropriation from the general fund for fiscal year 2024, is to be conducted by the Board of Regents of the University of Minnesota and will focus on a geophysical study and hazard assessment of the St. Anthony Falls area, including an investigation of the cutoff wall and associated risks.

Additionally, the bill clarifies that the Board of Regents does not accept liability for the current condition or risks associated with the cutoff wall as a result of conducting the study. The effective date of this amendment is set for the day following its final enactment.