The bill proposes an appropriation of $2,790,000 from the bond proceeds account in the trunk highway fund to the Minnesota Department of Transportation. This funding is designated for the predesign, design, engineering, and construction of two roundabouts at the intersections of marked Trunk Highway 24 with Wright County State-Aid Highway 7 and Wright County Road 145, located near Clearwater. The bill specifies that this appropriation is intended for the portion of the project eligible for trunk highway bond proceeds.
Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $2,790,000 to fund the appropriation. The bonds will be sold in accordance with Minnesota Statutes and the Minnesota Constitution, with the proceeds being deposited into the bond proceeds account in the trunk highway fund. The bill also includes a provision stating that it will take effect the day after final enactment.