The bill proposes an appropriation of $3,600,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of Revere. This funding is designated for the design, construction, and equipping of improvements to the city's aging storm sewer infrastructure and street reconstruction. The bill emphasizes the need for these upgrades to enhance municipal infrastructure in Revere.

To facilitate this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $3,600,000, following the guidelines set forth in Minnesota Statutes and the Minnesota Constitution. The effective date of this section is established as the day following its final enactment.