The bill appropriates a total of $25 million for the construction and development of the Minnesota Hockey Hall of Fame in Inver Grove Heights. Specifically, it allocates $20 million from the general fund to the commissioner of employment and economic development for a grant to the Minnesota Hockey Hall of Fame Inc. This funding is designated for the construction, furnishing, and equipping of a facility that will include a museum, ice rink, performance hall, and event space. Additionally, the bill provides $5 million from the bond proceeds fund for public infrastructure improvements in Inver Grove Heights to support the new facility and promote economic development in the area.

To facilitate the funding for public infrastructure, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to $5 million. The appropriations for both the Hall of Fame and the public infrastructure improvements are one-time allocations, available until the respective projects are completed or abandoned, in accordance with Minnesota Statutes. The effective date for both sections of the bill is the day following final enactment.