The bill reallocates funds originally designated for the Blue Line light rail transit extension project to support the development of an arterial bus rapid transit line. Specifically, it cancels the unencumbered balance from a previous appropriation for the Blue Line project, which is set to be canceled to the general fund on June 29, 2027. The amount canceled will then be appropriated to the Metropolitan Council for the bus rapid transit line, with the funds available until June 30, 2029.

Additionally, the bill establishes that this reallocation is a one-time appropriation and includes a provision stating that the section will take effect the day following final enactment. This legislative change aims to enhance transit options in the proposed corridor of the Blue Line light rail transit extension project by prioritizing bus rapid transit development.