This bill introduced in the Minnesota Senate, known as the Education Savings Accounts for Minnesota Students Act (ESA4MSA), aims to establish education savings accounts (ESAs) for eligible students within the state. The key features of the bill include:

1. Establishment of ESAs funded by the state, which parents can use to cover various educational expenses for their children, including tuition, tutoring, curriculum materials, transportation, online courses, and other educational services or supplies.

2. Eligibility for the ESAs is based on residency in Minnesota and household income not exceeding four times the income limit for reduced-price meals under the National School Lunch Act.

3. The program starts with a cap of 5% of the previous year's public school attendance in the first year, increasing by 3% each subsequent year.

4. Parents who participate agree not to enroll their child in public schools, use ESA funds exclusively for qualifying educational expenses, and comply with other program requirements.

5. Priority for ESA access is given to students entering kindergarten, those who attended public school the previous year, siblings of current ESA participants, and other eligible students based on specific criteria.

6. The program includes detailed rules to prevent fraud, monitor expenses, and ensure that funds are used appropriately. Remaining funds after a student graduates high school can be used for postsecondary education, but must be returned to the state if not used within four years after graduation from high school.

7. An advisory panel made up of parents of ESA students will be formed to provide input on the program’s implementation and effectiveness.

Overall, the bill aims to provide parents with more control over their children’s education through financial support for a range of educational services and providers, fostering a more personalized and potentially effective educational experience for students.