Rice Creek Watershed District bond issuance and appropriation

This bill authorizes the state to issue up to $7 million in bonds to fund flood mitigation projects in the Rice Creek Watershed District. The funds will be used to construct water storage basins and improve water conveyance systems along Interstate Highway 35W, specifically targeting flooding in New Brighton, St. Anthony Village, and Roseville. The money comes from the bond proceeds fund and is appropriated to the commissioner of natural resources for a grant to the Watershed District. The projects aim to alleviate flooding in these communities through infrastructure improvements.