The bill proposes an appropriation of $2,325,000 from the bond proceeds fund to the commissioner of employment and economic development for a grant to the city of Minneapolis. This funding is designated for capital improvements at the MacPhail Center for Music, which includes the design, construction, and equipping of various enhancements such as upgrading HVAC and mechanical systems, replacing sidewalks, and renovating the lobby, among other site improvements. The appropriation is subject to Minnesota Statutes, section 16A.695.

To finance this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $2,325,000, following the procedures outlined in Minnesota Statutes, sections 16A.631 to 16A.675, and in accordance with the Minnesota Constitution. The bill specifies that it will take effect the day after its final enactment.