The bill proposes an appropriation of $4,000,000 from the bond proceeds account in the state transportation fund to the commissioner of transportation for the city of North Branch. This funding is designated for the predesign, design, and right-of-way acquisition necessary to construct an interchange at Interstate Highway 35 and 400th Street.

Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $4,000,000 to provide the necessary funds for this project. The provisions for the bond sale will follow the guidelines set forth in Minnesota Statutes, ensuring compliance with relevant financial regulations. The bill will take effect the day after it is enacted.