The bill proposes an appropriation of $2,365,000 from the bond proceeds fund to the commissioner of transportation for a grant to the city of Barnesville. This funding is designated for the design and reconstruction of 13th Street, transforming it into a paved road that extends from Trunk Highway 34 to 9th Avenue Southeast. Notably, this appropriation does not require any nonstate contribution from the city.
To facilitate this funding, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $2,365,000. The issuance of these bonds will be conducted in accordance with the relevant Minnesota Statutes and the state constitution. The provisions of this bill will take effect the day after it is enacted.