The bill proposes a capital investment aimed at improving the regional water system that serves the communities of Albertville, Hanover, and St. Michael. It appropriates $10,000,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the joint powers water board. This funding is designated for the design, construction, and equipping of improvements necessary to expand the water treatment capacity from ten to fifteen million gallons, while also addressing water quality issues related to manganese and radium.

Additionally, the bill authorizes the sale and issuance of state bonds by the commissioner of management and budget to raise the appropriated funds. The bonds will be issued in an amount up to $10,000,000, following the procedures outlined in Minnesota Statutes and the state constitution. The provisions of this bill will take effect the day after it is enacted.