This bill appropriates $20,000,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of Minneapolis. The funds are designated for the design, construction, and equipping of capital improvements aimed at replacing aging and failing municipal stormwater infrastructure in the Cleveland neighborhood of North Minneapolis. The project specifically targets areas along 34th, 35th, and Washburn Avenues to mitigate recurring flooding issues and includes provisions for associated street reconstruction.

Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $20,000,000 to finance the appropriated funds. The bond issuance will be conducted in accordance with existing Minnesota statutes and constitutional provisions. The effective date of this section is set for the day following its final enactment.