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 distribution, wastewater, and storm sewer systems, as well as the reconstruction of city streets.

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 outlined in Minnesota Statutes and the state constitution. The bill will take effect the day after it is enacted.