The bill proposes an appropriation of $2,500,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of Hanska, specifically for the design and construction of a new water tower. This funding aims to enhance the city's water infrastructure and ensure adequate water supply for its residents.

To facilitate this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $2,500,000, following the procedures outlined in Minnesota Statutes and the Minnesota Constitution. The effective date of this section will be the day following its final enactment, allowing for prompt action on the funding and construction of the water tower.