1.1 	A bill for an act
1.2 	relating to education finance; clarifying school district eligibility for school library 
1.3 	aid;amending Minnesota Statutes 2024, section 124D.992, subdivision 1.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. Minnesota Statutes 2024, section 124D.992, subdivision 1, is amended to read:
1.6 		Subdivision 1.School library aid. For fiscal year 2024 and later, school library aid for 
1.7 	a an independent or special school district equals the greater of $16.11 times the district's 
1.8 	adjusted pupil units for the school year or $40,000. For fiscal year 2024 and later, school 
1.9 	library aid for a charter school equals the greater of $16.11 times the charter school's adjusted 
1.10 	pupil units for the school year or $20,000.

1.11 	EFFECTIVE DATE. This section is effective retroactively for revenue in fiscal year 
1.12 	2024 and later.