The bill proposes the establishment of a Small Cities Assistance Program, which is aimed at providing financial support to small cities in Minnesota. It appropriates $25,000,000 from the bond proceeds fund to the commissioner of transportation specifically for this program, as outlined in Minnesota Statutes, section 162.145.

To fund this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $25,000,000. The sale and issuance of these bonds will be conducted in accordance with the relevant provisions of Minnesota Statutes and the Minnesota Constitution. The bill will take effect the day after it is enacted.