The bill appropriates $29,861,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of Cold Spring. This funding is 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. The provisions for the bond sale will follow the guidelines set forth in Minnesota Statutes and the Minnesota Constitution. The bill will take effect the day after it is enacted.