The bill proposes a transfer of $40,000,000 from the general fund to the disaster assistance contingency account for fiscal year 2023. This transfer is intended to provide financial support for disaster assistance and is classified as a one-time transfer. The funds will be allocated to the account established under Minnesota Statutes, section 12.221, subdivision 6.

Additionally, the bill includes a provision stating that the section regarding the transfer will take effect the day following its final enactment. This ensures that the funds can be made available promptly to address disaster-related needs in the state.