The bill proposes an appropriation of $75,000,000 from the bond proceeds fund to the commissioner of employment and economic development for the renovation of the Roy Wilkins Auditorium in St. Paul. The funds will be used for various improvements, including the expansion and reconfiguration of event space, safety and accessibility upgrades, enhancements to loading and storage areas, and upgrades to HVAC, security, electrical, mechanical, and plumbing systems. Additionally, the appropriation will cover improvements to visitor amenities such as restrooms, seating, concessions, and event production systems.

To finance this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $75,000,000, following the procedures outlined in Minnesota Statutes and the state constitution. The effective date of this section will be the day after the bill is enacted.