The bill appropriates $4,021,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of New Ulm. This funding is designated for the design, construction, and equipping of necessary capital improvements, which include the completion of a gravity sewer flow system, the replacement of a water main, the removal of a lift station, and the replacement of impacted surface amenities.

To finance this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $4,021,000, following the procedures outlined in Minnesota Statutes and the Minnesota Constitution. The provisions of this bill will take effect the day after it is enacted.