The bill appropriates $10,538,000 from the bond proceeds fund to the commissioner of transportation for a grant to the city of Fairmont. This funding is designated for the reconstruction of Kot Street from Charles Street to South Prairie Avenue and the extension of Fairlakes Avenue to connect Woodland Avenue with Lake Avenue. The appropriation also covers costs related to right-of-way and easement acquisition, public utilities, and associated street infrastructure. Notably, this appropriation is exempt from certain requirements outlined in Minnesota Statutes, section 16A.86, subdivision 4.

To finance this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $10,538,000, following the procedures established by Minnesota Statutes, sections 16A.631 to 16A.675, and the Minnesota Constitution, article XI, sections 4 to 7. The provisions of this bill will take effect the day after its final enactment.