The bill proposes an appropriation of $10,500,000 from the bond proceeds fund to the commissioner of employment and economic development for a grant to the city of Edina. This funding is designated for capital improvements at the Edina Aquatic Center, which includes significant projects aimed at preserving or replacing mechanical and electrical systems, upgrading utility infrastructure, and making site renovations to enhance ongoing operations, particularly focusing on energy conservation improvements.

To facilitate this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $10,500,000. The bond sale will be conducted in accordance with the relevant Minnesota Statutes and the state constitution. The provisions of this bill will take effect the day after it is enacted.