This bill authorizes the city of Alexandria, Minnesota, to impose a local sales and use tax of up to one-quarter of one percent, contingent upon voter approval. The revenues generated from this tax are designated for covering the costs associated with its collection and administration, as well as financing up to $30 million for the expansion and renovation of the PrimeWest Health Runestone Community Center. The bill stipulates that the tax will be governed by existing provisions in Minnesota Statutes, section 297A.99, except where specifically modified by this legislation.

Additionally, the bill grants the city the authority to issue bonds to finance the project, with a maximum principal amount of $30 million, plus costs related to issuing the bonds. These bonds will not be subject to certain debt limitations and do not require a separate election for approval. The tax is set to expire either 20 years after its implementation or when the city determines that sufficient funds have been raised to cover the project costs, with any remaining funds being allocated to the city's general fund. The effective date of this legislation is contingent upon compliance with specific statutory requirements by the city's governing body.