The bill proposes an appropriation of $10,000,000 from the bond proceeds fund to the commissioner of transportation specifically for the Safe Routes to School grant program, as outlined in Minnesota Statutes, section 174.40. This funding aims to enhance safety for students traveling to and from school.

To facilitate this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the same amount of $10,000,000. The process for the bond sale will adhere to the regulations set forth in Minnesota Statutes, sections 16A.631 to 16A.675, as well as the relevant provisions of the Minnesota Constitution. The bill will take effect the day after it is enacted.