The bill proposes an appropriation of $20,000,000 from the general fund for the fiscal year 2024 to support the East Phillips Neighborhood Institute. This funding is designated for various activities related to the East Phillips Indoor Urban Farm, including planning, preservation, renovation, predevelopment, and development efforts.

This appropriation is a one-time allocation aimed at enhancing economic development within the East Phillips neighborhood through the establishment and improvement of the urban farm initiative. The bill emphasizes the importance of supporting local community projects that contribute to economic growth and sustainability.