The bill appropriates $500,000 from the bond proceeds fund to the commissioner of natural resources for a grant to the city of Loretto. This funding is designated for capital improvements aimed at enhancing water quality in stormwater ponds within the city. The improvements include predesign, design, engineering, dredging, and the removal and disposal of sediment from these ponds.

To facilitate this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $500,000, following the procedures outlined in Minnesota Statutes and the Minnesota Constitution. The effective date of this section is set for the day following its final enactment.