The bill proposes an appropriation of $6,600,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of Minnetonka Beach. This funding is designated for the site preparation, demolition of the existing water treatment plant, and the design, engineering, construction, and equipping of a new water treatment plant. The appropriation will be available once the commissioner of management and budget confirms that sufficient funds have been committed to the project. Additionally, expenditures by the city for replacing water mains and a water tower will count towards the local match required for this project.

To finance the appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $6,600,000, following the procedures outlined in Minnesota Statutes and the Minnesota Constitution. The bill also includes a provision stating that it will take effect the day after its final enactment.