The bill proposes an appropriation of $10,850,000 from the bond proceeds fund to the commissioner of employment and economic development for a grant to the city of Duluth. This funding is designated for the construction and enhancement of publicly owned infrastructure related to the redevelopment of the Lot D property. Specific uses of the funds include seawall repairs, utility connections, debris removal, upgrades to transportation facilities, soil correction, and other capital improvements.

Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount appropriated to finance this project, following the guidelines set forth in Minnesota Statutes and the Minnesota Constitution. The effective date of this section is the day following its final enactment.