1.1 	A bill for an act
1.2 	relating to natural resources; appropriating money for pilot program to buy out 
1.3 	flooded commercial, industrial, and residential properties.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. PILOT PROGRAM TO BUY OUT FLOODED PROPERTIES.
 1.6 	$5,000,000 in fiscal year 2026 is appropriated from the general fund to the commissioner 
1.7 	of natural resources for a pilot program to buy out flooded properties and to place deed 
1.8 	restrictions on the properties to prohibit commercial, industrial, or residential construction 
1.9 	on the properties for 50 years after the date of purchase. Once the deed restriction is placed 
1.10 	on a purchased property, nothing in this section prohibits the commissioner from selling or 
1.11 	otherwise disposing of the property in accordance with applicable law.