This 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 will be redirected 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 in fiscal year 2027, with the funds available until June 30, 2029.

Additionally, the bill includes a provision stating that this section will take effect the day after final enactment. This legislative change aims to enhance public transit options by prioritizing bus rapid transit in the area initially planned for the light rail extension.