The bill proposes an appropriation of $16,500,000 from the bond proceeds account in the trunk highway fund to the Minnesota Commissioner of Transportation. This funding is designated for preliminary engineering, environmental documentation, final design, right-of-way acquisition, and construction of intersection improvements at the marked Trunk Highway 65 and Bunker Lake Boulevard Northeast in the city of Ham Lake, along with associated frontage and backage roads. Notably, this appropriation does not require any nonstate contribution.

Additionally, the bill authorizes the sale and issuance of state bonds up to the amount of $16,500,000 to finance the appropriated funds. The Commissioner of Management and Budget is tasked with selling and issuing these bonds in accordance with specified Minnesota statutes and constitutional provisions. The proceeds from the bond sale, excluding accrued interest and any premiums, will be deposited into the bond proceeds account in the trunk highway fund. The provisions of this bill will take effect the day after final enactment.