Senate Bill 1201 is proposed to clarify and set the funding rules for school libraries in Minnesota starting in the fiscal year 2024. According to this bill, both independent or special school districts and charter schools will receive aid based on the number of students they have, with a fixed minimum amount they can get. Specifically, regular school districts will receive at least $40,000 or a sum multiplied by 16.11 for each student they have, whichever is greater. Charter schools will receive at least $20,000 or the same multiplier of 16.11 per student, depending on which amount is larger. This bill aims to ensure that all school libraries have sufficient funding to support educational activities.