The bill proposes a capital investment for the city of Hermantown, specifically appropriating $10,000,000 from the bond proceeds fund to the Public Facilities Authority. This funding is designated for a grant to the city to predesign, design, construct, and equip the rehabilitation and replacement of aging and failing water, sewer, and utility infrastructure, particularly in the southwest corner of Hermantown.

Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $10,000,000 to provide the necessary funds for these improvements. The provisions for the bond sale will follow the guidelines set forth in Minnesota Statutes and the Minnesota Constitution. The bill will take effect the day after it is enacted.