This bill authorizes the city of La Crescent to impose a local sales and use tax, contingent upon voter approval. Specifically, the city may enact an ordinance to impose a tax of up to a specified percentage, which will be governed by the provisions of Minnesota Statutes, section 297A.99. The revenues generated from this tax are designated for covering the costs associated with the collection and administration of the tax, as well as financing up to $4,000,000 for improvements to the La Crescent regional ice arena, including the replacement of the existing ice system and the installation of a rooftop solar energy system.

Additionally, the bill grants La Crescent the authority to issue bonds to finance the approved projects, with a maximum principal amount of $4,000,000. These bonds will not be subject to certain debt limitations and do not require a separate election for approval. The tax will expire either after a specified number of years or when the city council determines that the tax revenue is sufficient to cover the project costs and bond issuance expenses. Any remaining funds after the tax termination will be allocated to the city's general fund. The effective date of this legislation will be the day after the city’s governing body complies with specific statutory requirements.