The bill proposes an appropriation of $4,525,000 from the bond proceeds fund to the Public Facilities Authority for the city of Wood Lake. This funding is designated for the design, construction, and equipping of improvements to the city's aging water and sewer infrastructure, as well as the reconstruction of city streets. The bill outlines specific improvements to the water distribution system, wastewater system, and storm sewer system infrastructure.

To facilitate this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $4,525,000, following the procedures established by Minnesota Statutes and the Minnesota Constitution. The effective date of this section is set for the day following its final enactment.