Transportation economic development program grants bond issuance and appropriation

This bill authorizes the state to issue up to $15 million in bonds to fund the Transportation Economic Development Program. The funds will be deposited into the trunk highway fund and appropriated to the commissioner of transportation for grants supporting local transportation projects. These grants directly assist cities, counties, and businesses seeking to improve infrastructure or stimulate economic growth through transportation investments. The program operates under Minnesota Statutes section 174.12, with bond proceeds covering the grant costs.