The bill proposes an appropriation of $2,000,000 from the bond proceeds fund to the commissioner of transportation for a grant to the city of Lake Park. This funding is designated for the design, engineering, construction, reconstruction, and rehabilitation of local roads within the city.

To facilitate this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $2,000,000, 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.