The bill proposes an appropriation of $3,000,000 from the general fund for the fiscal year 2024 to support the Otter Cove Children's Museum in Fergus Falls. The funds are designated for a grant to the museum, which is a 501(c)(3) nonprofit organization, to facilitate the acquisition of property and to design, construct, renovate, equip, and furnish capital improvements for the museum's expansion. This appropriation is a one-time allocation and will remain available until the project is either completed or abandoned, in accordance with Minnesota Statutes, section 16A.642.

Additionally, the bill includes a provision stating that the section will take effect the day following its final enactment. This ensures that the funding and related activities can commence promptly after the legislative process is completed.