This bill, titled S.F. No. 1008, proposes the allocation of $2,023,000 for the redesign and reconstruction of Myrtle Street in Stillwater, Minnesota. This renovation extends from Owens Street to Main Street and includes the update of sidewalks, curbs, gutters, and related public infrastructure. To fund this project, the bill authorizes the state to sell and issue bonds, which are a form of borrowing where the state agrees to pay back with interest according to specific legal and constitutional guidelines. This process involves both the appropriation of funds from the state's bond proceeds fund and the actions of the commissioner of management and budget to manage the bond sale.