The proposed bill introduces a new chapter in Title 15.1 of the North Dakota Century Code to establish an education savings account program specifically for students not enrolled in public schools or homeschool programs. It defines key terms such as "administrator," "eligible student," and "participating school," and outlines the responsibilities of parents who enroll their children in the program. Parents are required to sign an agreement with the Department of Public Instruction, committing to provide education in core subjects and to use the funds exclusively for qualified educational expenses, which include tuition, textbooks, private tutoring, and necessary technology.

The bill designates the Bank of North Dakota as the program administrator, responsible for managing accounts and ensuring compliance with program requirements. It mandates annual deposits of state funds into education savings accounts based on household income levels and includes auditing measures for participating schools and service providers. Additionally, the bill requires participating schools to provide data to the department and conduct an annual parental satisfaction survey. It also outlines the responsibilities of the school district of residence, including providing school records and potentially offering transportation to participating schools. To fund the program, the bill appropriates $21,700,000 from the state general fund, with the program set to begin in the 2026-27 school year and provisions taking effect on July 1, 2026.