This bill appropriates $4,000,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of Raymond. The funds are designated for the design, construction, and equipping of improvements to aging and failing municipal infrastructure, specifically targeting the water distribution system, storm sewer system, and the reconstruction of city streets.

To facilitate this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $4,000,000, following 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.