The bill aims to enhance education finance in Minnesota by increasing funding for library online databases. It appropriates funds from the general fund to the Department of Education for the upcoming fiscal years, specifically targeting the establishment of an electronic library for Minnesota. This initiative is designed to provide statewide licenses to online databases that will be selected in collaboration with the Minnesota Office of Higher Education, benefiting various educational institutions including school media centers, public libraries, state government agency libraries, and both public and private college or university libraries.

Key provisions of the bill include the establishment of a new section that outlines the appropriations for the electronic library initiative. The bill emphasizes the importance of access to digital resources in enhancing educational opportunities across the state, thereby supporting a wide range of libraries and educational institutions in their efforts to provide valuable online resources to their communities.