This bill appropriates $1,500,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of Floodwood. The funds are designated for the design and construction of capital improvements to the city's water and sewer infrastructure along County Road 832 (Floodwood Road). The improvements will include the replacement and expansion of water and sewer mains, as well as associated street reconstruction, aimed at enhancing business and residential development in the area.

Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $1,500,000 to provide the necessary funding. The bond sale will be conducted in accordance with Minnesota Statutes and the Minnesota Constitution. The provisions of this bill will take effect the day following its final enactment.