The bill, titled S.F. No. 1026, is a legislative proposal concerning capital investment for the state of Minnesota. It focuses on allocating $8,000,000 from the state's bond proceeds fund to the St. Louis County Heritage and Arts Center, commonly referred to as the Depot, situated in Duluth. This funding is intended to cover costs for pre-design, design, construction, and renovation works specifically targeting mechanical, electrical, and heating, ventilation, and air conditioning (HVAC) systems, as well as life safety features of the building.

The availability of these funds is contingent upon the condition that an additional $5,671,000 is secured from non-state sources to fully finance the project. Additionally, the bill authorizes the sale and issuance of state bonds up to the amount of $8,000,000, with procedures outlined in specific sections of the Minnesota Statutes and the Minnesota Constitution. This is to facilitate financing for the appropriated amount.

In essence, the bill provides financial support for improvements at a cultural center in Duluth, aiming to enhance its infrastructure and safety features, with a combination of state and non-state funding.