This bill appropriates $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 of a project aimed at replacing at-grade intersections and traffic signals with grade-separated interchanges along marked U.S. Highway 14 in the city of Byron. The project specifically includes intersections with Olmsted County State-Aid Highway 3 and Olmsted County State-Aid 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 associated infrastructure.

Additionally, the bill authorizes the Commissioner of Management and Budget to sell and issue state bonds up to the amount of $2,400,000 to provide the necessary funding for the project. The proceeds from these bonds, excluding accrued interest and any premiums, will be deposited into the bond proceeds account in the trunk highway fund. This legislative action aims to enhance transportation infrastructure and improve traffic flow in the specified areas.