The bill appropriates $15,000,000 from the bond proceeds fund to the commissioner of transportation for a grant to the Minnesota Valley Regional Rail Authority. This funding is designated for the rehabilitation of railroad tracks between Winthrop and Hanley Falls, and it may also cover necessary environmental documentation, remediation, and the design and replacement of bridges or culverts in the area. Additionally, a portion of the grant can be utilized as matching funds for federal grant requirements. This appropriation is supplementary to previous funding allocations specified in various laws from 2006 to 2018.

To finance the appropriated amount, the commissioner of management and budget is authorized to sell and issue state bonds up to $15,000,000, following the procedures outlined in Minnesota Statutes and the state constitution. The bill stipulates that it will take effect the day after it is enacted.