The bill establishes the Minnesota Imagination Library program under the Department of Education, aimed at providing age-appropriate books to children from birth to age five at no cost to families. The program will be implemented in partnership with the Dollywood Foundation and is designed to enhance foundational literacy and support the goals of the Read Act. The bill outlines the roles and responsibilities of the commissioner of education, who will select a statewide entity to coordinate the program, provide state matching funds for book costs, and align outreach efforts with early literacy initiatives. Local affiliates, such as nonprofit organizations and public libraries, will also play a crucial role in managing enrollment and securing funding.

Additionally, the bill mandates annual reporting by the commissioner to legislative committees on enrollment numbers, books distributed, and the program's impact on kindergarten readiness. It includes an appropriation from the general fund to support the program, with funding available until June 30, 2029. The effective date for the provisions of the bill is the day following final enactment.