The bill authorizes the city of Mankato to issue a special on-sale wine and malt liquor intoxicating liquor license specifically for Minnesota State University, Mankato. This license can be granted for non-contiguous spaces within the university's campus, allowing for the sale of alcoholic beverages during events at the Taylor Center. The bill stipulates that the license is subject to existing restrictions on hours and days of sale as outlined in Minnesota Statutes, as well as any additional conditions set by the licensing authority.

Additionally, the bill includes a provision stating that it will take effect only upon approval by the Mankato City Council, in accordance with specified Minnesota Statutes. This ensures that local governance has a say in the implementation of the new licensing authority granted to the university.