The bill appropriates $10,800,000 from the bond proceeds fund to the commissioner of transportation for a grant to Dakota County and/or the city of Lakeville. This funding is designated for the reconstruction of County State-Aid Highway 50 as part of the Interstate 35 interchange project, aimed at improving corridor mobility and safety. The appropriation can be utilized for various project-related activities, including design, engineering, right-of-way acquisition, construction, and the development of pedestrian and bicycle facilities, as well as stormwater management.

Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $10,800,000 to provide the necessary funding. The bond issuance will follow the guidelines set forth in Minnesota Statutes and the Minnesota Constitution. The provisions of this bill will take effect the day after it is enacted.