The bill appropriates $2,800,000 from the bond proceeds fund to the commissioner of employment and economic development for a grant to the city of Waldorf. This funding is designated for various capital improvements, including the addition of clean water, sanitary sewer, and stormwater systems to the School Street West development, as well as roadway enhancements to several streets in Waldorf. The funds can be utilized for multiple phases of the projects, such as property acquisition, design, construction, and equipping improvements.

To finance the appropriated amount, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to $2,800,000, following the guidelines set forth in Minnesota Statutes and the Minnesota Constitution. The effective date of this section is the day following its final enactment.