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 bill states that the tax is in addition to any other local sales and use taxes already imposed.

Furthermore, the bill grants the city the authority to issue bonds to finance the approved projects, with a maximum aggregate principal amount of $9,000,000. The bonds will not be subject to certain debt limitations and do not require a separate election for approval. The tax will expire either 18 years after its imposition or when the city council determines that sufficient funds have been raised to cover the project costs. 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.