The bill appropriates $15,000,000 from the bond proceeds account in the trunk highway fund to the commissioner of transportation for the transportation economic development program, as outlined in Minnesota Statutes, section 174.12. This funding aims to support economic development initiatives related to transportation infrastructure within the state.

Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $15,000,000 to provide the necessary funds. The bonds will be sold in accordance with specified Minnesota Statutes and the state constitution, with the proceeds, excluding accrued interest and any premiums, being deposited back into the bond proceeds account in the trunk highway fund.