The bill proposes an appropriation of $300,000 from the bond proceeds fund to the commissioner of employment and economic development for a grant to the city of Ranier. This funding is designated for the predesign, design, construction, furnishing, and equipping of a new public works maintenance facility. Notably, this appropriation does not require a nonstate match, making it a direct financial support for the city's infrastructure needs.
Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $300,000 to provide the necessary funds. The bond issuance will follow the procedures outlined in Minnesota Statutes and the Minnesota Constitution. The effective date of this section is set for the day following its final enactment.