The bill authorizes the sale and issuance of appropriation bonds to fund the construction of a wastewater industrial pretreatment facility in Litchfield, Minnesota. It introduces new legal language under Minnesota Statutes, chapter 16A, specifically detailing the definitions, authorization, and procedures for issuing these bonds. The bonds, which can be issued up to $16,500,000, will finance the design, engineering, construction, and equipping of the facility, which is expected to handle up to 1,750,000 gallons per day of high-strength wastewater. The proceeds from the bonds will be credited to a special fund, and the bill outlines the conditions under which the bonds can be issued, including the terms of repayment and the nature of the bonds as non-public debt of the state.

Additionally, the bill specifies that the appropriation bonds are not backed by the state's full faith and credit, meaning the state is not obligated to make appropriations for their repayment. It establishes that the bonds will be payable only from amounts appropriated by the legislature for debt service in each fiscal year, and outlines the process for refunding bonds and legal investment opportunities for various entities. The bill also includes provisions for the appropriation of bond proceeds for specific uses, including grants to local cooperatives and debt service payments, and it sets an effective date for the legislation following its final enactment.