Senate File No. 1265 is a legislative bill proposed in Minnesota to fund the reconstruction of the interchange at Interstate 35 and County State-Aid Highway 50 in Dakota County. The bill involves appropriating $10,800,000 from state bonds to finance the project. This appropriation covers costs related to preliminary and final design, engineering, acquiring necessary property and easements, construction, and related infrastructure improvements including pedestrian and bicycle facilities, public utility relocation, and stormwater management. The bill outlines that these funds will be raised through the sale and issuance of state bonds as prescribed by specific Minnesota statutes and constitutional provisions. This legislation aims to enhance corridor mobility and safety at the specified location.