This bill authorizes the city of Audubon to impose a local sales and use tax of one-half percent, contingent upon voter approval at an election. The tax is intended to finance the costs associated with the Fire Hall Project, with a maximum of $3,000,000 allocated for this purpose, plus any related bonding costs. The bill specifies that the revenues from this tax will be used for the administration and collection of the tax as well as the project costs. Additionally, the provisions of Minnesota Statutes, section 297A.99, will govern the tax's imposition, administration, collection, and enforcement.

Furthermore, the bill grants the city the authority to issue bonds to finance the project, with the total principal amount not exceeding $3,000,000. These bonds will not be subject to certain debt limitations and do not require a separate election for approval. The tax will expire either 20 years after its imposition or when the city 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 be the day after the city complies with specific statutory requirements.