The proposed "Education Savings Accounts for Minnesota Students Act" (ESA-4-MSA) aims to establish education savings accounts (ESAs) for eligible students in Minnesota, allowing parents to allocate funds for qualifying educational expenses such as tuition, tutoring, and educational materials. The bill defines key terms related to the program and outlines the responsibilities of the commissioner of the Department of Revenue in implementing the ESA program. It includes provisions for the application process, eligibility criteria based on household income, and mandates the commissioner to notify families about the program and create a standard application form. Additionally, the bill ensures that any remaining funds after a student's graduation are returned to the state general fund.

To enhance the integrity of the ESA program, the bill introduces measures for fraud prevention, including a publicly accessible list of blocked and unblocked MCC codes, a process for removing fraudulent educational service providers, and an anonymous fraud reporting service. It also establishes an application process for education service providers to gain approval for offering services under the ESA program, while emphasizing the autonomy of eligible nonpublic schools. A Parent Review and Advisory Panel will assist the commissioner in providing recommendations and facilitating public ratings of education service providers. The bill clarifies the state's liability in legal proceedings related to the ESA program and allows parents to intervene in legal challenges, with all provisions taking effect the day after final enactment.