The bill proposes an appropriation of $1,600,000 to the commissioner of employment and economic development for a grant to the city of Osseo. This funding is designated for the renovation and construction of Sipe Park, streetscape improvements on Central Avenue, and capital improvements for the Osseo Public Works building.

To finance this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $1,600,000, following the procedures outlined in Minnesota Statutes and the Minnesota Constitution. The section detailing these provisions will take effect the day after the bill is enacted.