The bill proposes an appropriation of $1,500,000 from the bond proceeds fund to the commissioner of employment and economic development for a grant to the city of Eagle Bend, specifically for the renovation of Eagle Bend High School. This funding is in addition to previous appropriations made in earlier legislative sessions.

To facilitate this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $1,500,000, 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.