The bill proposes the cancellation of a portion of the appropriation designated for the Stone Arch Bridge in Minneapolis. Specifically, it targets the uncommitted balance of $19,337 from the fiscal year 2024 appropriation as outlined in Laws 2023, chapter 68, article 1, section 2, subdivision 2, paragraph (e). This amount will be redirected to the general fund upon the effective date of the bill.

Additionally, the bill includes a provision stating that the cancellation will take effect on June 30, 2025. This legislative action aims to reallocate funds that are not currently committed to the Stone Arch Bridge project, thereby allowing for their use in other areas within the general fund.