The bill proposes an appropriation of $2,400,000 from the bond proceeds account in the trunk highway fund to the Minnesota Commissioner of Transportation for the purpose of conducting environmental analysis, predesign, and final design for replacing at-grade intersections and traffic signals with grade-separated interchanges along marked U.S. Highway 14 in the city of Byron. This project specifically targets 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 interchanges and related infrastructure.

Additionally, the bill authorizes the sale and issuance of state bonds up to $2,400,000 to finance the appropriated amount. The Commissioner of Management and Budget is tasked with selling these bonds in accordance with existing Minnesota statutes and constitutional provisions. The proceeds from the bond sale, excluding any accrued interest or premiums, will be deposited into the bond proceeds account in the trunk highway fund to support the project.