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 predesign, design, and right-of-way acquisition necessary for the construction of 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 are aligned with existing Minnesota Statutes and the Minnesota Constitution. The bill will take effect the day following its final enactment.