This bill proposes the creation of a new chapter in the North Dakota Century Code to establish a pilot program for student education services accounts, which will be administered by the Bank of North Dakota. The program aims to provide funding for various authorized education expenses, including tuition for career and technical education, dual-credit courses, and other educational services. The bill defines key terms such as "authorized education expenses," "child," "parent," and "student education services account," and outlines the operational framework for the program, including rules for participation and account management.

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. Parents will be allowed to 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 also stipulates conditions for transferring funds to a college savings program upon high school graduation and outlines the process for refunds if a child does not pursue higher education or moves out of state.