This bill establishes a new chapter in Title 15.1 of the North Dakota Century Code to create an education savings account (ESA) program aimed at providing financial support for eligible students. The program will cover various educational services, including tuition at participating nonpublic schools, private tutoring, and educational materials. Key definitions are introduced to clarify the roles of stakeholders, including "Administrator," "Department," "Eligible student," and "Participating school." The Bank of North Dakota will manage the accounts, with specific funding allocations of $40,000,000 from the general fund designated for the 2026-27 and 2027-28 school years. Parents must agree to certain conditions to qualify for state grants, and accountability standards are set for participating schools to ensure compliance with health and safety laws and educational service provision.

Additionally, the bill outlines the responsibilities of the department and school districts, mandating prompt decision-making regarding the ESA program and allowing parents to appeal decisions. The department is tasked with adopting necessary rules for program administration, while school districts must provide complete school records for eligible students and may offer transportation services. The provisions of the bill are set to take effect on July 1, 2026, with the aim of enhancing educational opportunities in North Dakota while ensuring accountability and proper fund usage.