The bill establishes a "Road Funding Alternatives Task Force" in Minnesota to explore new 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, and representatives from the public and electric vehicle industry. Its primary duties include evaluating current vehicle assessments, analyzing potential alternative funding mechanisms such as road user charges and taxes on electric fuel, and conducting surveys of other states' practices. The task force is required to submit a report by March 15, 2026, detailing its findings and recommendations for sustainable road funding solutions.

Additionally, the bill appropriates funds from the general fund to support the task force's activities, allowing for a portion of the funds to be used for administrative costs. The task force will expire upon the submission of its report, and the provisions of the bill will take effect immediately following final enactment.