Education empowerment account program created, report required, and money appropriated.

HF 2895 creates an education empowerment account program for Minnesota public school students in prekindergarten through grade 12. It establishes individual accounts funded annually with state general funds based on the statewide average per-pupil education revenue, adjusted for grade level. Parents can use these funds for approved expenses like tuition, textbooks, instructional materials, transportation, and technology devices, with unused balances after high school graduation transferable to postsecondary tuition. The bill requires the state education commissioner to manage applications, provide program information, and submit an annual report on the program's implementation.