This bill authorizes the city of Oak Park Heights to impose a local sales and use tax of one-half of one percent, contingent upon voter approval at a general election. The tax is intended to finance $41,000,000 for water infrastructure projects, along with associated bonding costs. The bill specifies that the revenues from this tax will be used for the costs of collecting and administering the tax, as well as for the water infrastructure financing. Additionally, the city is granted the authority to issue bonds to cover these costs, with certain provisions regarding the bonds' repayment and limitations.

The bill also outlines the conditions under which the tax will terminate, stating it will expire either 20 years after its imposition or once the city has collected the necessary funds for the project. It further clarifies that any remaining funds after the tax's termination will be allocated to the city's general fund. The effective date of this legislation will be the day after the city’s governing body and chief clerical officer fulfill specific compliance requirements.