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SB 2303 would create an education savings account program in North Dakota, using state funds to help eligible families pay for approved educational expenses. Eligible students include K-12 residents who qualify for public school, with funds deposited by the Bank of North Dakota (80% of per-pupil funding). Parents would receive these funds for approved expenses like tuition at participating private schools, approved tutoring, textbooks, college costs, or educational technology, but must agree not to enroll children in public schools. The program requires participating schools to meet safety and nondiscrimination standards, and unused funds carry forward annually.
Relating to state education funding for all students in the state; to amend and reenact sections 15.1‑27‑02 and 57‑15‑01.1, subsection 1 of section 57‑15‑14, section 57‑15‑14.2, and subdivision c of subsection 1 of section 57‑20‑07.1 of the North Dakota Century Code, relating to required reports, school district levy authority, and information displayed on property tax statements; to repeal sections 15.1‑27‑04.1, 15.1‑27‑04.2, 15.1‑27‑04.3, 15.1‑27‑15.1, 15.1‑27‑20.2, and 15.1‑29‑15 of the North Dakota Century Code, relating to adjustments to state aid payments and a property tax levy for tuition payments; and to provide an effective date.