This bill appropriates $6,800,000 from the bond proceeds fund to the commissioner of employment and economic development for a grant to the city of Cosmos. The funds are designated for the design, construction, renovation, furnishing, and equipping of a multifamily housing facility located at 130 Neptune Street North. This facility 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.

Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $6,800,000 to fund the appropriation. The bond sale will be conducted in accordance with the relevant Minnesota Statutes and the Minnesota Constitution. The provisions of this bill will take effect the day following its final enactment.