The "Education Savings Accounts for Minnesota Students Act" (ESA-4-MSA) introduces a new program under Minnesota Statutes, chapter 126C, that allows eligible students to access education savings accounts (ESAs) for various educational expenses. The bill defines key terms such as "eligible student," "qualifying expense," and "educational service provider," and establishes criteria for student eligibility based on residency and household income. Priority is given to students entering kindergarten, those who have previously attended public schools, and siblings of current participants. The Department of Revenue's commissioner will oversee the program, including determining funding amounts and ensuring compliance with regulations.

The bill outlines permissible uses for ESA funds, such as tuition and tutoring, while prohibiting cash refunds. It includes provisions for students with disabilities, ensuring their eligibility for special education services remains intact. To enhance fraud prevention, the bill mandates the creation of a publicly accessible list of MCC codes, establishes a process for removing fraudulent educational service providers, and requires certain providers to post a surety bond. Additionally, a Parent Review and Advisory Panel will be formed to evaluate service providers and expenditures, and the state will bear the burden of proof in legal challenges related to the ESA program. The provisions of the bill will take effect immediately upon final enactment.