This bill proposes the establishment of a new chapter in Title 15.1 of the North Dakota Century Code, which outlines an education savings account program. The program is designed to provide financial support to eligible students and their families for educational expenses. Key definitions are introduced, including terms such as "Administrator," "Department," "Eligible student," and "Participating school." The bill stipulates that the Bank of North Dakota will manage the accounts, deposit funds annually, and ensure compliance with program requirements. Parents of eligible students must sign an agreement to use the funds solely for qualified educational expenses and to provide education in core subjects.

Additionally, the bill outlines the responsibilities of participating schools and the Department of Public Instruction, including compliance with health and safety laws, accountability standards, and the collection of performance data. The program aims to prioritize access for siblings of enrolled students and allows for the transfer of unused funds to the following school year. It also emphasizes the autonomy of participating schools and education service providers, limiting state regulatory authority while ensuring that funds are used appropriately. Overall, the bill seeks to enhance educational opportunities for students in North Dakota through a structured savings account program.