The bill proposes an appropriation of $6,800,000 from the general fund for the fiscal year 2024 to support the development of an assisted living facility and child care center in Cosmos, Minnesota. The funds will be granted to ANZ Inc. for the design, construction, renovation, equipping, and furnishing of a facility located at 130 Neptune Street North. This facility aims to serve senior citizens, provide child care for children not yet in kindergarten, and offer after-school and weekend programming for school-aged children. The appropriation is designated as a one-time funding source and will remain available until the project is either completed or abandoned, in accordance with Minnesota Statutes, section 16A.642.

Additionally, the bill includes a provision stating that the section will take effect the day following its final enactment. This legislative action underscores the state's commitment to enhancing community resources for both senior citizens and children in the Cosmos area.