The bill appropriates $26,000,000 from the general fund for fiscal year 2024 to the commissioner of transportation specifically for intercity passenger rail corridors and projects. This funding is intended for use in accordance with the state rail plan as outlined in Minnesota Statutes, and may also support other relevant national, regional, or interregional planning studies. The appropriation allows for expenditures by the commissioner or grants to political subdivisions, facilitating the planning and development of intercity passenger rail initiatives.

Additionally, the bill stipulates that the funds appropriated will remain available until fully expended, ensuring that the financial resources can be utilized effectively for the intended projects. The effective date of this section is set for the day following its final enactment, allowing for prompt implementation of the funding provisions.