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. The bill includes an appropriation from the general fund to cover this payment in fiscal year 2025.

Additionally, the bill states that it will take effect the day following its final enactment. This legislation aims to ensure that the city of Alpha receives the financial support it is entitled to, thereby alleviating any penalties that may have been imposed due to reporting delays.