This bill provides a specific aid penalty forgiveness for the city of Stewart for the year 2023. It stipulates that, despite the provisions of Minnesota Statutes, section 477A.017, subdivision 3, the city is entitled to receive its aid payment that was previously withheld. The condition for this payment is that the state auditor must certify that the city submitted its annual financial reporting form for 2022 by June 1, 2024. If this condition is met, the commissioner of revenue is required to disburse a payment of $87,501.50 to the city by June 30, 2024.

Additionally, the bill includes an effective date clause, stating that the provisions will take effect the day after the bill is enacted. This ensures that the city of Stewart can promptly receive the aid it is owed, contingent upon the timely submission of its financial reporting.