The bill establishes a temporary moratorium on expenditures related to light rail transit projects by the Metropolitan Council. Specifically, it prohibits the Council from spending any funds on project development activities for light rail transit capital projects, which encompasses planning, design, engineering, environmental analysis, land acquisition, and construction. However, this prohibition does not extend to the Southwest light rail transit (Green Line Extension) project or payments to contractors for work completed prior to the moratorium's effective date.

The moratorium will remain in effect until the Southwest light rail transit project begins revenue operation. Upon this commencement, the Metropolitan Council is required to notify the revisor of statutes and relevant legislative committee chairs and ranking minority members. The bill is set to take effect the day after final enactment and applies to the counties of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington.