The bill proposes an appropriation of $60,000,000 from the bond proceeds account in the trunk highway fund to the Minnesota Department of Transportation for the construction of a third travel lane in each direction on a segment of marked Interstate Highway 94. This segment extends from the interchange with County Highway 19 in Albertville to the interchange with Trunk Highway 25 in Monticello.

Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the same amount to fund this project. The proceeds from these bonds, excluding accrued interest and any premiums, will be deposited into the bond proceeds account in the trunk highway fund. The effective date of this section is set for the day following its final enactment.