The bill proposes the establishment of a Local Road Wetland Replacement Program, which includes an appropriation of $15,000,000 from the bond proceeds fund to the Board of Water and Soil Resources. This funding is designated for the acquisition of land or permanent easements, as well as for the restoration, creation, enhancement, and preservation of wetlands that are impacted by the repair, reconstruction, replacement, or rehabilitation of existing public roads. The bill allows the board to adjust the priority order for wetland replacement in accordance with federal regulations and mandates that the purchase price for land or easements be determined at fair market value.

Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $15,000,000 to finance the appropriated funds. The bond issuance will follow the procedures outlined in Minnesota Statutes and the state constitution. The provisions of this bill will take effect the day after it is enacted.