The bill proposes an appropriation of $37,000,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of Albert Lea. This funding is designated for the design, demolition, construction, and equipment improvements necessary to upgrade the city's wastewater treatment facility. The appropriation covers various aspects of the project, including infrastructure renovation, repairs, and site improvements, and will be available once the commissioner of management and budget confirms that sufficient resources are committed to complete the project.

Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $37,000,000 to finance the appropriated funds. 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.