The bill proposes a capital investment for the city of St. Paul, specifically for the development of a public realm over Shepard Road and adjacent rail lines. It appropriates $20,000,000 from the bond proceeds fund to the commissioner of employment and economic development, who will grant these funds to Ramsey County for the purposes of predesign, design, engineering, construction, furnishing, and equipping the public realm, along with related infrastructure.

To finance this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $20,000,000, following the procedures outlined in Minnesota Statutes and the Minnesota Constitution. The effective date of this section will be the day following its final enactment.