The bill appropriates $7,500,000 from the bond proceeds fund to the commissioner of commerce for grants to Brainerd Public Utilities aimed at funding energy efficiency projects in the city of Brainerd. The definition of "energy efficiency project" includes capital improvements such as upgrades to existing turbine generators, the acquisition and installation of new turbine generators to replace old ones, and improvements to existing structures to accommodate these new generators.

To finance the appropriated funds, the commissioner of management and budget is authorized to sell and issue state bonds up to the amount of $7,500,000, 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.