The bill proposes the appropriation of $11,000,000 from the bond proceeds account in the trunk highway fund to the Minnesota Department of Transportation for the reconstruction of a segment of Trunk Highway 61 in Lake County, specifically through the city of Two Harbors. This funding will cover preliminary engineering, environmental documentation, final design, right-of-way acquisition, and construction, which includes the addition of pedestrian, all-terrain vehicle, and snowmobile tunnels. Notably, this appropriation does not require any nonstate contribution.

To finance this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $11,000,000. The bonds will be sold in accordance with Minnesota Statutes and the Minnesota Constitution, with the proceeds being 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.