Establishing the Red River state recreation area in Polk county; specifying boundaries; requiring the commissioner of natural resources (DNR) to administer the area subject to existing rules and regulations for state recreation areas and to appoint a citizens oversight committee to assist with developing and managing the area; appropriating money to the commissioner and authorizing the issuance of state bonds for predevelopment and development costs; requiring development in a manner providing a multiple use solution to the existing state park and recreation area deficiency in the area surrounding the city of East Grand Forks, requiring advice and cooperation from local government units and appropriate state and national agencies including the U.S. fish and wildlife service (je)