This bill authorizes the city of La Crescent to impose a local sales and use tax, contingent upon voter approval. The tax can be set at a rate of up to a specified percentage and is intended to fund the renovation of the La Crescent regional ice arena, including the replacement of the existing ice system and the installation of a rooftop solar energy system. The bill outlines that the revenues from this tax will cover the costs of tax collection and administration, as well as up to $4,000,000 for the specified improvements.

Additionally, the bill grants La Crescent the authority to issue bonds to finance these projects, with a maximum principal amount of $4,000,000. The 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 set number of years or when the city determines that sufficient funds have been raised to cover the project costs. Any remaining funds after the tax's termination will be allocated to the city's general fund. The effective date of this legislation is contingent upon compliance with specific statutory requirements by the city's governing body.