This bill proposes appropriating $44 million from state bond proceeds to fund the Port Development Assistance Program under Minnesota Statutes, Chapter 457A. The funds will be managed by the Commissioner of Transportation and must be used for publicly owned infrastructure improvements.

To finance this appropriation, the Commissioner of Management and Budget is authorized to sell and issue state bonds up to $44 million, in accordance with relevant Minnesota statutes and constitutional provisions.

The bill has been introduced in the Minnesota House of Representatives and referred to the Committee on Capital Investment for further consideration.