The bill proposes a capital investment for the construction of a new hospital in Mahnomen, Minnesota, by appropriating $40,000,000 from the bond proceeds fund. This funding is designated for the Mahnomen Health Center Joint Powers Board to cover the costs associated with constructing, furnishing, and equipping the new hospital facility.

To facilitate this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $40,000,000. The issuance of these bonds will follow the guidelines set forth in Minnesota Statutes and the Minnesota Constitution. The bill is set to take effect the day after it is enacted.