This bill proposes funding for wastewater treatment facility improvements in the city of Cold Spring, Minnesota. It appropriates $29,861,000 from the bond proceeds fund to the Public Facilities Authority, which will provide a grant to the city for upgrading its wastewater treatment facility. The improvements include replacing the existing filter process with an expanded biological nutrient removal activated sludge process and enhancing biosolids treatment and management infrastructure.

To generate the necessary funds, the bill authorizes the state to sell and issue bonds up to the same amount. The bond sale will be conducted according to Minnesota statutes and constitutional provisions related to state financing.