The bill proposes an appropriation of $5,600,000 from the bond proceeds account in the state transportation fund to the commissioner of transportation for improvements to intersections along marked U.S. Highway 14 in the city of Byron. This funding is intended for grants to the city of Byron and Olmsted County to cover the costs associated with environmental analysis, predesign, and final design of a project aimed at replacing at-grade intersections and traffic signals with grade-separated interchanges. The bill also allows for any remaining funds after the completion of these preliminary phases to be used for acquiring right-of-way and constructing the necessary infrastructure for the interchanges.

Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $5,600,000 to finance the appropriated funds. The bond sale will be conducted in accordance with existing Minnesota statutes and constitutional provisions, ensuring that the funds are available for the transportation improvements as outlined in the bill.