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Soil Erosion Control Fund bill aims to help HOAs and communities pay for bank stabilization, committee hears
Summary
Representative Colin Wellenkamp presented the Soil Erosion Control Fund Act to allow incorporated homeowners associations to apply for department-approved loans to fund erosion and sedimentation projects; committee members discussed loan terms, HOA governance, collateral and program safeguards.
Representative Colin Wellenkamp (105th District, St. Charles City) told the House Committee on Conservation and Natural Resources that erosion is an increasing cost to homeowners and local infrastructure and asked the panel to report House Bill 14-61, the “Soil Erosion Control Fund Act,” favorably.
Wellenkamp said erosion currently costs the nation tens of billions annually and that urban and suburban neighborhoods are now seeing acute erosion after increased extreme rain events. The bill would create a department-administered fund to provide loans and assistance to homeowners associations incorporated as nonprofits for bank stabilization and other erosion-control projects. The sponsor said plans would be reviewed by the department; natural infrastructure…
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