At today’s legislative forum, locals have a strong interest in House Bill 1020 which could set aside up to nearly 190 million dollars for flood protection projects.
The city is looking to complete the first four stages of flood protection with the money that’s available.
The bill would allow the State Water Commission to borrow 110 million dollars for Minot and the Souris River.
There is 150 million dollars that is set aside for projects like these and there is an assumption that the state water appropriations could allocate another 75 to 80 million.
Senate Krebsbach says that she wants to see this happen for the city but has her concerns about borrowing money.
(Karen Krebsbach, District 40 Senate) “As far as the 110 million, I myself would like to see the state bond for that rather than take it from the bank as a loan because we are really looking at a project that has a lifetime of 75 – one hundred plus years maybe so it’s something that can be paid for over a period of time and don’t strip our funds that we have available, that’s where I’m coming from.”
(Dan Jonasson, Minot Resident) “The bill that’s in the water commission now is very beneficial for Minot. It’ll get us about 180 million dollars worth of funding for the first four phases of flood protection.”
The bill passed in the House and now is in the works in the Senate.