This bill appropriates $20,000,000 from the bond proceeds fund to the University of Minnesota for capital improvements related to the Future of Advanced Agricultural Research in Minnesota (FAARM) program in Mower County. The funds will be used for land acquisition, site preparation, predesign, design, and preconstruction activities for new educational, research, and animal housing facilities, as well as equipment storage and associated support facilities. This appropriation is designated for the initial phase of the project, with any remaining funds after this phase potentially allocated for subsequent phases, including construction.

Additionally, the bill specifies that the appropriation is intended to cover approximately two-thirds of the costs for this phase, with the remaining costs to be funded by university sources. To facilitate this funding, the commissioner of management and budget is authorized to sell and issue state bonds up to the amount of $20,000,000, following the procedures outlined in Minnesota Statutes and the state constitution. The bill will take effect the day after it is enacted.