This bill appropriates $1,000,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of Waseca. The funds are designated for acquiring land or permanent easements and for the predesign, survey, and design of a new water tower in Waseca. Notably, this appropriation does not require a nonstate match, making it a direct financial support for the city's infrastructure needs.

Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to $1,000,000 to provide the necessary funding. The bond sale will be conducted in accordance with existing Minnesota statutes and constitutional provisions. The effective date of this section is set for the day following its final enactment.