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 various transportation projects that contribute to economic development 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 Minnesota Statutes, sections 167.50 to 167.52, and the Minnesota Constitution, article XIV, section 11. The proceeds from the bond sales, excluding accrued interest and any premiums, will be deposited back into the bond proceeds account in the trunk highway fund.