This bill appropriates $12,000,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of Tracy. The funds are 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.

Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $12,000,000 to finance the appropriated funds. The provisions for the bond sale will adhere to the guidelines set forth in Minnesota Statutes and the Minnesota Constitution. The bill is set to take effect the day following its final enactment.