This bill appropriates a total of $47,000,000 from the bond proceeds account in the trunk highway fund for corridor improvements on Interstate Highway 35 in Chisago County. Specifically, it allocates $30,000,000 for improvements at the intersection of I-35 and Chisago County State-Aid Highway 19 in the city of Stacy, and $17,000,000 for improvements at the intersection of I-35 and Chisago County State-Aid Highway 22 in the city of Wyoming.

To fund these appropriations, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $47,000,000. The proceeds from these bonds will be deposited into the bond proceeds account in the trunk highway fund, with the effective date of this section being the day following its final enactment.