Creates a revolving loan program to assist homeowners' associations with erosion control

Summary

The bill would set up a dedicated fund, overseen by the state treasurer, to give low‑interest loans to nonprofit homeowners’ associations for work that reduces sedimentation and erosion near residential areas. Eligible projects include daylighting streams, restoring natural culverts, and bank stabilization using natural methods, while lining waterways with impermeable surfaces would be prohibited. The measure did not pass.

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