The bill proposes the appropriation of $14,000,000 from the bond proceeds account in the trunk highway fund for the design, engineering, and reconstruction of a segment of marked Trunk Highway 5 in Waconia. Specifically, the reconstruction will take place from the intersection with marked Trunk Highway 284 and South Olive Street to the intersection with Carver County State-Aid Highway 59, known as Main Street.

To fund this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $14,000,000. The proceeds from these bonds, excluding accrued interest and any premiums from the sale, will be deposited into the bond proceeds account in the trunk highway fund. The bill also states that it will take effect the day following its final enactment.