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 grants to the city of Byron and Olmsted County. This funding is designated for the environmental analysis, predesign, and final design of a project aimed at replacing at-grade intersections and traffic signals with grade-separated interchanges along marked U.S. Highway 14. The project will specifically address intersections with Olmsted County State-Aid Highway 3 and Highway 5. Any remaining funds after the completion of the initial phases may be used for acquiring right-of-way and constructing the necessary infrastructure for these 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 provide the appropriated funds. The bond sale will be conducted in accordance with Minnesota Statutes and the Minnesota Constitution, ensuring that the funds are available for the planned improvements along U.S. Highway 14 in Byron.