This bill appropriates $20,000,000 from the bond proceeds fund to the University of Minnesota for capital improvements related to the Future of Advanced Agricultural Research in Minnesota (FAARM) program in Mower County. The funds will be used for land acquisition, site preparation, predesign, design, and preconstruction activities for new educational, research, animal housing, equipment storage, and associated support facilities. The appropriation is intended to cover approximately two-thirds of the costs for the initial phase of the project, with the remaining costs to be funded by university sources.

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 provide the necessary funding. The provisions for the bond sale will follow the guidelines set forth in Minnesota Statutes and the Minnesota Constitution. The bill will take effect the day after it is enacted.