Establishes New Jersey Baby Bond Account Program.

This bill creates the New Jersey Baby Bond Account Program, which deposits $2,000 into a savings account for eligible newborns. Eligibility is limited to infants born on or after January 1, 2021, to families with household income at or below 200% of the federal poverty level, and who establish New Jersey residency within six months of birth. The state will manage these accounts through the Baby Bond Account Fund, investing the money to grow over time, with funds available for specific uses like education or housing when the individual turns 18. The program is funded by a $70 million state appropriation and requires no application from families - accounts are automatically established using birth records.