The bill proposes an appropriation of $2,675,000 from the bond proceeds fund to the Minnesota Historical Society for grants to the city of Preston aimed at capital improvements at the historic campus and railyard. Specifically, $1,325,000 is allocated for Phase 1, which includes the design, engineering, renovation, and construction of a depot museum and enhancements to a historic grain elevator. Additionally, $1,350,000 is designated for Phase 2, focusing on creating access points to the South Branch of the Root River and stream stabilization improvements.

To fund these appropriations, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $2,675,000, following the procedures outlined in Minnesota Statutes and the state constitution. The effective date of this section is set for the day following its final enactment.