The bill proposes an appropriation of $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 facilitate this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $2,800,000, following the procedures outlined in Minnesota Statutes and the state constitution. The effective date of this section is set for the day following its final enactment.