Assembly Bill 1124 establishes a Mississippi River erosion control revolving loan program, which will be administered by the Department of Natural Resources (DNR). The program aims to assist municipalities and homeowners along the Mississippi River whose properties are at risk due to shoreline erosion. To support this initiative, the bill allocates $2,000,000 to the DNR and increases its position authorization by 0.5 full-time equivalent (FTE) to manage the program. The DNR is tasked with creating rules to govern the program, including setting eligibility criteria and income limitations for loan applicants.

Additionally, the bill allows the DNR to utilize emergency rule-making procedures to implement the program before permanent rules are established. This provision includes specific exemptions from standard requirements for emergency rules, enabling the DNR to act swiftly in response to the erosion threat. The bill's effective date is set for the day after publication or the second day after the publication of the 2025 biennial budget act, whichever occurs later.