The proposed bill aims to allocate $7,000,000 from the state's bond proceeds fund for improving public infrastructure in Pine City, Minnesota. This money will specifically be used to renovate the city's wastewater treatment pond system. The renovation includes repairing the riprap (rock lining), improving aeration, fixing the pond outfall line, and installing a new liner in the pond. To fund this appropriation, the bill authorizes the state to sell and issue bonds up to the amount of $7,000,000, in accordance with specified state laws and constitutional provisions.