The bill establishes a "Road Funding Alternatives Task Force" in Minnesota to explore and recommend alternative funding mechanisms for transportation in light of the increasing adoption of all-electric and plug-in hybrid vehicles. The task force will consist of various members, including state legislators, commissioners from relevant departments, public representatives, and experts in electric vehicle technology and infrastructure. The task force is tasked with evaluating current revenue assessments for electric vehicles, analyzing potential alternative funding mechanisms such as road user charges and taxes on electric fuel, and conducting surveys of other states' approaches to electric vehicle funding.

Additionally, the bill mandates that the task force submit a report by March 15, 2026, detailing its findings, cost estimates, and legislative recommendations for implementing stable funding sources for Minnesota's transportation system. The task force will expire upon submission of this report. The bill also includes an appropriation of funds from the general fund to support the task force's activities, allowing for a small percentage to be used for administrative costs.