The bill proposes an appropriation of $600,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of East Grand Forks. This funding is designated for preliminary engineering and construction improvements to the city's south water tower. Notably, this appropriation is exempt from certain requirements outlined in Minnesota Statutes, section 16A.86, subdivision 4.

Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $600,000 to finance the appropriated funds. The bond issuance will be conducted in accordance with the relevant Minnesota Statutes and the Minnesota Constitution. The provisions of this bill will take effect the day following its final enactment.