The bill proposes an appropriation of $8,600,000 from the bond proceeds account in the state transportation fund for the reconstruction of the Hennepin Avenue Suspension Bridge and its approach bridges in Minneapolis. This funding is designated for various aspects of the project, including design engineering, construction engineering, and roadway approach work, which may involve right-of-way acquisition and construction. The grant will be provided to Hennepin County, and the funds are to be managed in accordance with Minnesota Statutes.

To finance this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $8,600,000. The proceeds from these bonds, excluding accrued interest and any premiums from the sale, will be credited to the bond proceeds account in the state transportation fund. The bill also states that it will take effect the day following its final enactment.