This bill appropriates $18,000,000 from the bond proceeds fund to the commissioner of employment and economic development for a grant to the city of St. Paul. The funds are designated for the predesign, design, construction, and equipping of improvements to streets and public infrastructure aimed at supporting the redevelopment of blighted property in the Midway area of St. Paul. The bill specifies that the appropriation will cover various improvements, including transit facilities, sidewalks, utilities, and other site amenities. Additionally, the city is required to enter into a lease or management agreement for the operation of any parking facility developed with these funds.

To finance the appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $18,000,000, following the procedures outlined in Minnesota Statutes and the state constitution. The bill defines "blighted property in the Midway area" as property affected by civil unrest during the peacetime emergency declared in May 2020. The provisions of this bill will take effect the day after it is enacted.