The bill provides for a one-time penalty forgiveness for the city of Alpha regarding its local government aid for the year 2023. Specifically, it mandates that the city must receive its aid payment, which had been previously withheld, provided that the state auditor certifies the receipt of the city's annual financial reporting form for 2022 by June 1, 2025. Upon this certification, the commissioner of revenue is required to disburse a payment of $18,472 to the city by June 30, 2025.

Additionally, the bill includes an appropriation from the general fund to cover the aid payment, ensuring that sufficient funds are available for this purpose in fiscal year 2025. The effective date of this provision is set for the day following its final enactment.