To automatically start a Smart 529 account for every newborn in West Virginia.

HB 3414 automatically establishes a $100 Smart 529 savings account for every newborn in West Virginia who resides in the state at birth or is adopted by West Virginia residents. The bill requires the Department of Human Services to share birth data with the State Treasurer within 90 days of birth, triggering the grant to cover college costs at eligible institutions. It creates the "Mountaineer Scholars Grant Program," with funds drawn from the Savings Plan Trust Fund to provide one-time grants plus investment earnings for qualified higher education expenses. The program applies to children born after December 31, 2024, and excludes parents who opt out.