This bill provides a specific financial remedy for the city of Stewart by forgiving a penalty related to local government aid for the year 2023. It stipulates that, despite existing regulations under Minnesota Statutes, the city is entitled to receive its aid payment that was previously withheld, contingent upon the state auditor certifying that the city submitted its annual financial reporting form for 2022 by June 1, 2025. The bill mandates that the commissioner of revenue must disburse a payment of $87,501.50 to the city by June 30, 2025, with the necessary funds appropriated from the general fund for fiscal year 2025.

Additionally, the bill includes a provision that it will take effect the day after it is enacted. This legislation aims to ensure that the city of Stewart receives the financial support it is due, thereby alleviating the impact of the penalty on its local government aid.