The bill proposes the appropriation of funds for the reconstruction of Trunk Highway 75, specifically from the city of Luverne to the city of Pipestone. It includes a provision for the appropriation of a specified amount from the bond proceeds account in the trunk highway fund to the commissioner of transportation for various stages of the project, including preliminary design, final design, engineering, construction, and reconstruction.

Additionally, the bill authorizes the sale and issuance of state bonds to finance the appropriated amount. The commissioner of management and budget is tasked with selling and issuing bonds up to a specified amount, following the guidelines set forth in Minnesota Statutes and the state constitution. The proceeds from these bonds, excluding any accrued interest and premiums, will be deposited into the bond proceeds account in the trunk highway fund. The section of the bill is set to take effect the day after its final enactment.