The bill proposes an appropriation of $1,000,000 from the bond proceeds fund to the Board of Regents of the University of Minnesota for the predesign and design of a new Academic Health Center facility on the Duluth campus. This facility will focus on key areas such as rural medicine, senior health care, gender freedom, bodily autonomy, and the recruitment of diverse medical and pharmacy students, particularly those who identify as Native American, Black, Indigenous, people of color, or LGBTQIA2S+. Additionally, the bill mandates the establishment of a four-year medical school at the site of the new Academic Health Center.

To fund this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $1,000,000, following the procedures outlined in Minnesota Statutes and the state constitution. The effective date of this section will be the day following its final enactment.