The bill proposes an appropriation of $35,000,000 from the bond proceeds fund to the commissioner of transportation specifically for the improvement of town roads and bridges in Minnesota. Of this total amount, $25,000,000 is designated for town roads and $10,000,000 for town bridges. The funds will be distributed according to the guidelines established in Minnesota Statutes, section 162.081.
To facilitate this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $35,000,000. This process will adhere to the regulations outlined 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.