This bill appropriates $1,300,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of Peterson. The funds are designated for the design, engineering, construction, and equipping of a new water tower and pump house, aimed at replacing the existing failing water infrastructure in the city.

Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $1,300,000 to provide the necessary funding. The bond sale will be conducted in accordance with Minnesota Statutes and the Minnesota Constitution. The provisions of this bill will take effect the day following its final enactment.