This bill authorizes the city of Lanesboro, Minnesota, to impose a local sales and use tax of up to one-half of one percent, contingent upon voter approval. The tax is intended to fund specific projects, including $500,000 for rehabilitation and improvements to Sylvan Park and $2,000,000 for the Trunk Highway 250 road improvement project. The bill outlines that the tax will be governed by existing statutes regarding imposition, administration, collection, and enforcement, and it allows the city to issue bonds to finance these projects, with a maximum aggregate principal amount of $2,500,000.

Additionally, the bill specifies that the tax will expire either 30 years after its imposition or when the city council determines that sufficient funds have been raised to cover the project costs and bond issuance expenses. Any remaining funds after the tax's termination will be allocated to the city's general fund. The effective date of this legislation will take effect following compliance with specific statutory requirements by the city's governing body and chief clerical officer.