House File No. 1049, authored by Youakim and Clardy, is a legislative bill related to education finance. The main focus of this bill is to clarify eligibility for school library aid, targeting independent, special school districts, and charter schools in Minnesota. Here’s a simple breakdown of the changes proposed in the bill:

1. School Library Aid Calculation:
   • For independent or special school districts: School library aid will be the greater of either $16.11 multiplied by the adjusted number of pupil units for the school year or a flat rate of $40,000.
   • For charter schools: School library aid will be either $16.11 times the adjusted pupil units for the school year or $20,000, whichever is greater.

This bill affects the framework set forth in Minnesota Statutes 2024, section 124D.992, subdivision 1, modifying the formula used to calculate financial aid given to school libraries. The objective is to ensure that schools have sufficient financial support for their libraries, adapting the aid formula to potentially increase the funding schools receive based on their size (measured by pupil units). This amendment is scheduled to take effect from fiscal year 2024 onwards.