The bill proposes an appropriation of $14,000,000 from the bond proceeds fund to the commissioner of employment and economic development for the city of Hibbing. This funding is designated for the acquisition, design, construction, furnishing, and equipping of a regional housing and senior nutrition services facility aimed at serving low-income and disadvantaged individuals in the northeast region of Minnesota. The city of Hibbing is also authorized to enter into lease or management agreements for the facility's programming, in accordance with existing state statutes.

To finance this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $14,000,000, following the procedures outlined in Minnesota Statutes and the state constitution. The effective date of this section will be the day after the bill is enacted.