The bill proposes an appropriation of $75,000,000 from the bond proceeds fund to the Metropolitan Council for the development of bus rapid transit (BRT) projects. This funding will cover various aspects of BRT implementation, including real property acquisition, predesign, design, engineering, construction, utility relocation, demolition, and the furnishing and equipping of facilities. The Metropolitan Council is tasked with allocating these funds among different projects based on established criteria, such as project readiness, ridership potential, and coordination with other major projects, as outlined in the council's transitway capital improvement plan.

Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $75,000,000 to finance the appropriated funds. The bond issuance will follow the procedures set forth in Minnesota Statutes and the state constitution. The provisions of this bill will take effect the day after it is enacted.