The bill appropriates $1,000,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of Waseca. This funding is designated for the acquisition of 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.

To facilitate this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $1,000,000. The bond sale will be conducted in accordance with the relevant Minnesota Statutes and the state constitution. The provisions of this bill will take effect the day following its final enactment.