Bus rapid transit capital improvements funding provided, bonds issued, and money appropriated.

This bill authorizes the issuance of up to $75 million in state bonds to fund capital improvements for bus rapid transit projects in Minnesota. The money will be distributed to the Metropolitan Council, which is responsible for acquiring property, designing routes, and constructing arterial bus rapid transit systems. The council must decide how to allocate these funds based on specific criteria such as project readiness, expected ridership, and alignment with existing transportation plans. Once the bonds are sold, the resulting revenue will be used to pay for construction costs, utility relocation, and the equipping of facilities for these transit projects.