The bill proposes an appropriation of $15,000,000 from the bond proceeds fund to the Board of Regents of the University of Minnesota for the predesign, design, and preconstruction services of a new Academic Health Center facility. This facility is intended for the Duluth College of Pharmacy and Medical School and will be located in the emerging Medical District in downtown Duluth.

To fund this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $15,000,000, following the procedures outlined in Minnesota Statutes and the Minnesota Constitution. The effective date of this section is set for the day following its final enactment.