This bill authorizes the city of Windom to impose a local sales and use tax of one percent, contingent upon voter approval at an election. The tax is intended to fund specific projects, including $7,500,000 for a swimming pool project and $1,500,000 for flood mitigation measures. The bill outlines that the revenues from this tax will cover the costs of collection and administration, as well as the financing of the specified projects. Additionally, the city is granted the authority to issue bonds to finance these projects, with a maximum aggregate principal amount of $9,000,000.

The bill also establishes provisions for the termination of the tax, which will expire either 18 years after its imposition or when the city council determines that the tax revenues are sufficient to cover the project costs. It specifies that any remaining funds after the tax's termination must be placed in the city's general fund. Furthermore, the issuance of bonds is exempt from certain debt limitations and does not require a separate election for approval. The effective date of this legislation is contingent upon compliance with specific statutory requirements by the city of Windom's governing body.