The bill appropriates $12,000,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of Tracy. This funding is designated for the design, engineering, construction, and equipping of improvements to aging and failing municipal infrastructure, specifically targeting the water distribution system, storm sewer system, and city street reconstruction.

To facilitate this appropriation, the commissioner of management and budget is authorized to sell and issue state bonds up to the amount of $12,000,000, following the procedures outlined in Minnesota Statutes and the Minnesota Constitution. The bill also states that it will take effect the day after its final enactment.