MIDLAND COUNTY, Mich. (CBS DETROIT) — Nearly two years after thousands of people were evacuated from their homes when two dams in Midland County failed, state officials, say $200 million is on its way to rebuild the structures.

The funding comes from the nearly $5 billion Building Michigan Together Plan that was signed by Gov. Gretchen Whitmer late last month. The plan includes the $200 million for Midland and Gladwin counties and another $40 million to “address the repair, renovation, or elimination of dams statewide.”

READ MORE: Ferndale Schools District Reinstating Face Masks Starting This Week

Officials say they are designing a new dam with a 75-year life span.

READ MORE: Ford, GM, Stellantis Reinstate Masks At Facilities In Areas With 'High' COVID Risk

Lt. Gov. Garlin Gilchrist, who visited Sanford on Monday, said in a tweet that the money will help the Four Lakes Task Force rebuild.

Sanford was one of the areas hit the hardest by the 2020 floods.

MORE NEWS: Bank Of America Report Shows A Competitive Homebuying Season

© 2022 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.