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SF 3494

Introduction - 94th Legislature (2025 - 2026)

Posted on 10/01/2025 02:01 p.m.

KEY: stricken = removed, old language.
underscored = added, new language.
Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10 1.11

A bill for an act
relating to natural resources; appropriating money for pilot program to buy out
flooded commercial, industrial, and residential properties.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin PILOT PROGRAM TO BUY OUT FLOODED PROPERTIES.
new text end

new text begin $5,000,000 in fiscal year 2026 is appropriated from the general fund to the commissioner
of natural resources for a pilot program to buy out flooded properties and to place deed
restrictions on the properties to prohibit commercial, industrial, or residential construction
on the properties for 50 years after the date of purchase. Once the deed restriction is placed
on a purchased property, nothing in this section prohibits the commissioner from selling or
otherwise disposing of the property in accordance with applicable law.
new text end