The bill proposes an appropriation of $5,000,000 from the bond proceeds fund to the Public Facilities Authority for the purpose of constructing a new drinking water system for the East Range Water System and its member communities. This funding will be allocated as a grant to the East Range Water Board, which will be responsible for acquiring the necessary property and equipping the new system.

To facilitate this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $5,000,000. The bond issuance will be conducted in accordance with the relevant Minnesota Statutes and the state constitution. The provisions of this bill will take effect the day after it is enacted.