This bill appropriates $12,000,000 from the bond proceeds fund to the city of Brooklyn Park for the purpose of predesigning, designing, constructing, and equipping a water tower. The water tower is intended to provide essential water storage, water service, and fire suppression capabilities within the city's biotech innovation district.

To fund this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $12,000,000, 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.