The bill described proposes to give a financial grant of $230,000 in the year 2026 to the city of Northrop. This money will help cover costs related to damages from an elevator explosion and fire that happened between December 28 and 30 in 2017. The bill allocates these funds from the state's general fund and requires that they be managed by the commissioner of employment and economic development.

The city of Northrop must provide the necessary information for a detailed report on how the grant money is used. This report must be presented to specific legislative committees responsible for workforce development within 90 days after June 30, 2026. The purpose of this report is to ensure transparency and proper use of the funds.