This bill appropriates $29,861,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of Cold Spring. The funds are designated for the design, construction, and equipping of improvements to the city's wastewater treatment facility. Key upgrades include replacing the existing filter process with an expanded biological nutrient removal activated sludge process and enhancing the biosolids treatment and management infrastructure.

Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the appropriated amount to finance these improvements, following the procedures outlined in Minnesota Statutes and the state constitution. The effective date of this section is set for the day following its final enactment.