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 specific fiscal years, ensuring that various educational institutions, including school media centers, public libraries, and college libraries, have access to essential online resources.

Key provisions include the establishment of an "Electronic library for Minnesota," which will provide statewide licenses to selected online databases. This initiative is designed to support collaboration with the Minnesota Office of Higher Education, thereby improving access to information and resources for students and the public across the state.