The bill appropriates $6,800,000 from the general fund for fiscal year 2026 to support the development of a multifamily housing facility in Cosmos, Minnesota. This funding is designated for a grant to ANZ Inc. to design, construct, renovate, furnish, and equip the facility located at 130 Neptune Street North. The project aims to provide supportive services for senior citizens, a child care center for children not yet in kindergarten, and after-school and weekend programming for school-aged children. The appropriation is a one-time allocation and will remain available until the project is either completed or abandoned, in accordance with Minnesota Statutes, section 16A.642.

Additionally, the bill includes a provision stating that it will take effect the day following its final enactment. This ensures that the funding and project can proceed promptly once the legislative process is complete.