This bill appropriates $40,800,000 from the bond proceeds account in the trunk highway fund for the construction of bridges and interchanges on marked Interstate Highway 35 at Dakota County State-Aid Highway 50 in Lakeville. The funds will be used for various project phases, including environmental analysis, design, engineering, and the acquisition of necessary easements. The bill specifies that this appropriation is for the portion of the project eligible for trunk highway bond proceeds.

To finance this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $40,800,000. The proceeds from these bonds, excluding accrued interest and any premiums, will be deposited into the bond proceeds account in the trunk highway fund. The bill also states that it will take effect the day after final enactment.