Transportation economic development program grant funding provided, trunk highway bonds issued, and money appropriated.

HF 2075 appropriates $15 million from bond proceeds to fund the Transportation Economic Development Program, which provides grants to local governments for projects that support economic growth. The bill authorizes the state to issue up to $15 million in trunk highway bonds, with the proceeds deposited into the trunk highway fund to finance these grants. This funding directly supports local economic development initiatives, such as infrastructure improvements tied to business growth, under Minnesota Statutes § 174.12. The bill establishes a clear mechanism for bond issuance and fund allocation without creating new program requirements.