Schools; Oklahoma School Loan Act of 2025; effective date.
North Dakota creates a two-year pilot where the Bank of North Dakota administers student education accounts with a 50% state match to cover eligible K–12 education expenses.
North Dakota creates a two-year pilot where the Bank of North Dakota administers student education accounts with a 50% state match to cover eligible K–12 education expenses.
Status (records provided)
- Introduced: March 14, 2025.
- Legislative actions in the document show readings and passage in March–April 2025 (read 1st: 3/17/2025; read 3rd & passed: 3/31/2025; enrolled and transmitted to Governor: 4/1/2025; notification as Act 454: 4/3/2025).
- The header information also records a conflicting status line: “Second reading, failed, lacks constitutional majority — yeas 47, nays 40.” (The file contains mixed records from multiple jurisdictions; see note below.)
Purpose and intent
- Establish a two‑year pilot program (school years 2025–26 and 2026–27) to create student education services accounts (SESAs) administered by the Bank of North Dakota (BND) so parents can pay for a range of authorized K–12 education expenses and related services.
Key provisions
- Pilot establishment and administration
- BND shall create and operate the SESA pilot for 2025–26 through 2026–27.
- BND may adopt rules under chapter 28‑32 and may contract with private service providers to administer accounts.
- Parents must register annually to participate.
Eligible students and accounts
Authorized education expenses (selected examples)
Deposits, matching, payments, rollovers, refunds
Appropriation and administrative costs
Who is affected
- Primary: parents/legal guardians of K–12 North Dakota residents and participating students.
- Service providers/vendors: private schools, tutors, mental‑health providers, test‑prep vendors, certified course providers, etc.
- Bank of North Dakota (program administrator) and state budget ($41.2M appropriation, up to $1.2M admin).
Timeline and implementation
- Pilot operates school years 2025–26 and 2026–27.
- Appropriation covers the 2025–27 biennium.
- BND rulemaking and contracting authority to operationalize accounts.
Notes and caveats
- The provided bill excerpt contains two truncated lines where numeric caps (e.g., per‑child maximums or parental deposit limits) appear to be omitted. The version supplied clearly states the 50% match and the appropriation amounts, but some deposit limits are not legible in the document.
- The file includes text snippets from other jurisdictions' bills labeled HB 1590 (Arkansas, Illinois, Indiana), which are unrelated to the North Dakota measure; this summary addresses the North Dakota student education services account pilot program only.
Compiled from official sources — confirm details with the bill’s official record.
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