Establishes New Jersey Baby Bond Account Program.

This bill establishes the New Jersey Baby Bond Account Program, which would deposit $2,000 into a dedicated account for eligible infants born on or after January 1, 2021. It directly affects infants from families residing in New Jersey (or establishing NJ residency within six months of birth) with household income at or below 200% of the federal poverty level. The program is funded by a $70 million state appropriation, with accounts managed by the Department of the Treasury and invested to generate growth. Funds in these accounts may be used for qualified expenses like education, housing, or other purposes specified in the bill, but cannot be accessed until the account holder reaches adulthood.