Creating a Mississippi River erosion control revolving loan program, extending the time limit for emergency rule procedures, providing an exemption from emergency rule procedures, granting rule-making authority, and making an appropriation. (FE)
The implementation of AB828 is likely to have significant implications for state laws concerning erosion management and municipal support. By facilitating a specific loan program, the bill contributes to addressing the urgent needs of communities affected by shoreline erosion. This kind of state intervention could set precedents for future financing approaches to local environmental challenges and underscore the state's commitment to safeguarding its natural resources and the communities that rely on them.
Assembly Bill 828 aims to establish a Mississippi River erosion control revolving loan program, intending to support municipalities and homeowners facing erosion-related threats to the structural integrity of buildings along the Mississippi River. With an allocation of $2,000,000 from the environmental fund, the bill mandates the Department of Natural Resources (DNR) to manage these loans, which will be available to those eligible based on specific criteria that will be determined through promulgated rules. This initiative is expected to provide much-needed financial assistance for erosion control measures.
Points of contention surrounding AB828 may arise concerning its application and eligibility criteria, particularly regarding how municipalities and homes will be assessed for eligibility for loans. Stakeholders may have differing opinions on the operational aspects of the loan program, including the income limits set for applicants, which could potentially restrict access for some homeowners. Additionally, the bill’s provision for emergency rule procedures could come under scrutiny, as this might be interpreted as diminishing the standard policymaking process in urgent situations.