This bill proposes the establishment of a new chapter in Title 15.1 of the North Dakota Century Code, which will create an education savings account (ESA) program. The bill defines key terms such as "administrator," "eligible student," and "participating school," and outlines the responsibilities of parents who wish to enroll their children in the program. Parents must agree to provide education in core subjects, refrain from enrolling their child in public school, and use ESA funds solely for qualified educational expenses. The Bank of North Dakota will manage the accounts, ensuring that funds are deposited annually and can be used for various educational services, including tuition, textbooks, and tutoring.

Additionally, the bill mandates that participating schools comply with health and safety laws and maintain financial viability if they receive significant funding from the ESA program. The Department of Public Instruction will oversee the program, ensuring that eligible families are informed and that accountability standards are met. The bill also includes provisions for the transfer of funds from the general fund to the Bank of North Dakota and outlines the responsibilities of school districts in providing student records and potential transportation for eligible students. Overall, the legislation aims to enhance educational opportunities for students in North Dakota through the establishment of a structured and accountable education savings account program.