Statewide children's savings account program for higher education established, local partner design and implementation grants established, report required, rulemaking required, and money appropriated.

HF 2908 establishes Minnesota's MinneKIDS program, creating automatic savings accounts for children under 18 born on or after July 1, 2026, who are Minnesota residents. The state will open accounts within 90 days of receiving birth data, make an initial "seed deposit" (state contribution), and allow parents to opt their child out. Parents receive annual notifications about the account, including how to opt out, access balances, or link to separate college savings plans. The program requires the state commissioner to notify parents annually until the account closes, and it appropriates funds for implementation.