This bill establishes a new chapter in the North Dakota Century Code to create a pilot program for student education services accounts, which will be administered by the Bank of North Dakota. The program is set to begin in the 2025-26 school year and will provide funding for various authorized education expenses, including tuition for career and technical education, dual-credit courses, and other educational services. Parents can deposit up to $2,000 per child per school year into these accounts, with the Bank of North Dakota matching 50% of the deposited amount. The bill outlines the definitions of key terms, the rules for program administration, and the process for parents to register and request payments for authorized expenses.

Additionally, the bill includes an appropriation of $41,200,000 from the state general fund to support the implementation and administration of the pilot program for the biennium from July 1, 2025, to June 30, 2027. The Bank of North Dakota is authorized to use up to $1,200,000 for program administration. The legislation also provides for the rollover of funds to a college savings program upon a child's graduation from high school, as well as stipulations for refunds if the child does not pursue higher education or moves out of state.