This bill proposes the issuance of appropriation bonds to fund the cleanup of the freeway landfill and dump in Burnsville, Minnesota. It establishes a new section in Minnesota Statutes, chapter 16A, specifically detailing the definitions, authorization, and procedures for issuing these bonds. The bill outlines that the bonds will be payable from various sources, including appropriated funds and investment earnings, and sets a limit on the total amount of bonds that can be issued, not to exceed $165 million. Additionally, it specifies that the bonds are not considered public debt of the state, meaning the state's full faith and credit are not pledged to their payment.

The bill also includes provisions for the appropriation of bond proceeds to the Pollution Control Agency for environmental response actions at the landfill site. It establishes a framework for the management of the bonds, including the ability to enter into agreements related to the bonds and the legal investment status of the bonds for various entities. Furthermore, it provides for annual appropriations from the general fund to cover debt service on the bonds, ensuring that funds are available for principal and interest payments from fiscal year 2022 through fiscal year 2035.