The bill proposes an appropriation of $230,000 from the general fund for the fiscal year 2026 to the commissioner of employment and economic development. This grant is designated for the city of Northrop to cover costs associated with an elevator explosion and fire that occurred between December 28 and 30, 2017.

Additionally, the bill mandates that the commissioner must prepare a report on the utilization of the grant funds, which is to be submitted to the chairs and ranking minority members of the relevant legislative committees overseeing workforce development. The city of Northrop is required to provide all necessary information to the commissioner to facilitate the completion of this report, which is due within 90 days after June 30, 2026.