This bill authorizes the city of St. Cloud to impose a local sales and use tax of one-quarter percent, contingent upon voter approval. The tax is intended to finance the costs associated with an outdoor water park adjacent to the St. Cloud Aquatics Center, with a maximum funding limit of $7,000,000, including associated bonding costs. The bill outlines that the revenues from this tax will be used for the costs of collecting and administering the tax, as well as for the specified project. Additionally, the city is granted the authority to issue bonds to finance the project, with specific provisions regarding the amount and repayment of these bonds.

The bill also includes provisions for the termination of the tax, which will expire either three years after its imposition or when the city council determines that the tax revenues are sufficient to cover the project costs. Any remaining funds after the project's costs are covered will be allocated to the city's general fund. The effective date of this legislation will be the day after the city of St. Cloud's governing body and chief clerical officer fulfill the necessary compliance requirements.