The bill proposes a capital investment initiative aimed at enhancing the public realm over Shepard Road in St. Paul. 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. The allocated funds will be used for the predesign, design, engineering, construction, furnishing, and equipping of the public realm, which will also include related infrastructure improvements.

Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $20,000,000 to finance the appropriation. The bond sale will be conducted in accordance with existing Minnesota statutes and constitutional provisions. The effective date of this section will be the day following its final enactment.