This bill appropriates $3,400,000 from the bond proceeds fund to the commissioner of employment and economic development for a grant to the city of St. Cloud. The funds are designated for the acquisition of right-of-way and for the design, engineering, construction, furnishing, and equipping of public infrastructure improvements related to the 5th Avenue South Campus and Downtown Connection project.

To finance this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $3,400,000, following the procedures outlined in Minnesota Statutes and the Minnesota Constitution. The bill specifies that it will take effect the day after it is enacted.