The bill proposes an appropriation of $1,125,000 from the bond proceeds fund to the commissioner of employment and economic development for a grant to the city of Roseville. This funding is designated for the predesign, design, construction, furnishing, and equipping of renovations at the Guidant John Rose Minnesota OVAL. The improvements will focus on the main building, building systems, and support facilities of the OVAL.

Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $1,125,000 to finance the appropriated funds. The bond sale will be conducted in accordance with the relevant Minnesota Statutes and the state constitution. The provisions of this bill will take effect the day following its final enactment.