This bill authorizes local governmental units in Minnesota to opt out of the regulatory jurisdiction of the Metropolitan Council by filing a resolution with the council. Once a local governmental unit opts out, it can independently manage development and public infrastructure within its boundaries, and the Metropolitan Council's regulatory authority will cease on January 1 following the resolution's filing. Additionally, the bill prohibits the Metropolitan Council from levying taxes on properties within the opting-out local governmental units, except for properties within the metropolitan transit taxing district if transit services are still provided.

The bill also allows local governmental units that have opted out to apply for eligible grant programs administered by the Metropolitan Council and to enter into joint powers agreements. Furthermore, it provides a mechanism for these units to opt back into the council's jurisdiction after a minimum of four years, should they determine that it is in their best interest. The provisions of this bill will take effect the day after final enactment and will apply to specific counties, including Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington.