This bill proposes a capital investment by the state of Minnesota to fund improvements to the Rum River Dam in the city of Anoka. Specifically, it appropriates $11,950,000 from bond proceeds for upgrades aimed at enhancing operation and safety, facilitating hydroelectric power generation and river surfing, and potentially modifying the spillway to include either a lock system or a fish passage if the lock is determined to be unfeasible. To finance this project, the bill authorizes the commissioner of management and budget to sell and issue state bonds totaling up to $11,950,000 in accordance with Minnesota statutes and constitutional provisions.