This bill proposes a temporary stop on spending state funds for developing new light rail transit projects in Minnesota. It specifically forbids activities like planning, design, engineering, environmental analysis, land acquisition, and construction for new light rail projects. However, this freeze does not affect the ongoing Southwest Green Line Extension project or payments for contract work completed before this bill takes effect. The moratorium will end once the Southwest Green Line Extension project starts operating and making revenue. At that point, the Metropolitan Council must inform the relevant legislative authorities about the commencement date.