The bill proposes an appropriation of $4,021,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of New Ulm. This funding is designated for the design, construction, and equipping of essential capital improvements, which include the completion of a gravity sewer flow system, the replacement of a water main, the removal of a lift station, and the replacement of affected surface amenities.

To facilitate this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $4,021,000, following the procedures outlined in Minnesota Statutes and the Minnesota Constitution. The effective date of this section will be the day after the bill is enacted.