The bill appropriates $300,000,000 from the bond proceeds account in the trunk highway fund to the commissioner of transportation for the corridors of commerce program, as outlined in Minnesota Statutes, section 161.088. The commissioner is authorized to use up to 17 percent of this amount for program delivery. This funding aims to enhance transportation infrastructure and improve commerce corridors within the state.

To facilitate this appropriation, the bill also authorizes the commissioner of management and budget to sell and issue state bonds up to the same amount of $300,000,000. The bonds will be sold in accordance with the terms set forth in Minnesota Statutes, sections 167.50 to 167.52, and the Minnesota Constitution, article XIV, section 11. The proceeds from the bond sales, excluding accrued interest and any premiums, will be deposited back into the bond proceeds account in the trunk highway fund.