The bill proposes an appropriation of $3,000,000 from the bond proceeds fund to the Public Facilities Authority for the city of Biscay. This funding is designated for the predesign and design of upgrades and other capital improvements to the city's water 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 $3,000,000, following the procedures outlined in Minnesota Statutes and the Minnesota Constitution. The bill also specifies that it will take effect the day after its final enactment.