The bill proposes an appropriation of $3,600,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of Revere. This funding is designated for the design, construction, and equipping of improvements to the city's aging storm sewer infrastructure and street reconstruction. The bill emphasizes the need for these upgrades to address failing municipal infrastructure.

Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $3,600,000 to finance the appropriated funds. The bond issuance 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.