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 outlines that the revenues from this tax will be used for both the collection and administration of the tax itself and the financing of the specified project. Additionally, the bill stipulates that 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 a 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 council determines that sufficient funds have been raised to cover the project costs, including bond issuance 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 of Audubon complies with specific statutory requirements.