The bill proposes an appropriation of $5,400,000 from the bond proceeds account to the commissioner of employment and economic development for a grant to the city of Lakeville. This funding is designated for the acquisition of property intended for the development of a drinking water treatment facility and a fire station.

To facilitate this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $5,400,000, following the procedures outlined in Minnesota Statutes and the state constitution. The provisions of this bill will take effect the day after it is enacted.