The bill appropriates a total of $350 million from the bond proceeds account in the state transportation fund for local road and bridge improvements in Minnesota. Specifically, it allocates $150 million for local road improvement grants aimed at the construction and reconstruction of roads with statewide or regional significance, prioritizing projects that enhance the state's ten-ton road system. Additionally, it designates $200 million for the replacement and rehabilitation of deficient local bridges, allowing for the matching of federal funds and covering various associated costs, including design-build contracts and land acquisition expenses.

To fund these appropriations, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to $350 million, following the guidelines set forth in Minnesota Statutes and the state constitution. The act will take effect the day after it is enacted.