City of Moorhead, Clay County, and Buffalo-Red River Watershed District flood mitigation funding provided; bonds issued; and money appropriated.

This bill appropriates $60.4 million from state bond proceeds to fund flood mitigation projects in Moorhead, Clay County, and the Buffalo-Red River Watershed District. The funds cover the state's share of publicly owned flood prevention projects under Minnesota law, including the local share when project costs exceed 2% of median household income multiplied by local households. It authorizes the state to issue up to $60.4 million in bonds to finance these projects, following standard bond procedures. The funding directly supports communities preparing for or responding to flood risks in these specific areas.