This bill appropriates $4,000,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of Russell. The funds are designated for the design, construction, and equipping of improvements to aging and failing municipal infrastructure, specifically targeting the water distribution system, sanitary sewer system, storm sewer system, and the reconstruction of city streets.

Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $4,000,000 to finance the appropriated funds. The bond issuance will follow the procedures outlined in Minnesota Statutes and the Minnesota Constitution. The provisions of this bill will take effect the day after it is enacted.