Establishes a Baby Bond Program Trust Fund to create and fund individual accounts for eligible infants.

The bill creates the Baby Bond Program Trust Fund in North Carolina, establishing individual accounts for infants born on or after January 1, 2024, to parents who reside in the state. Each eligible infant receives a one-time deposit of $2,000 into their individual account. The Baby Bond Program Trust Fund Board of Trustees oversees the fund, determines investment strategies, and manages contributions and distributions. Distributions can be made for postsecondary education, primary residence purchase, qualified business capitalization, or investment in financial assets.

Establishes a Baby Bond Program Trust Fund to create and fund individual accounts for eligible infants.

The bill creates the Baby Bond Program Trust Fund in North Carolina, establishing individual accounts for infants born on or after January 1, 2024, to parents who reside in the state. Each eligible infant receives a one-time deposit of $2,000 into their individual account. The Baby Bond Program Trust Fund Board of Trustees oversees the fund, determines investment strategies, and manages contributions and distributions. Distributions can be made for postsecondary education, primary residence purchase, qualified business capitalization, or investment in financial assets.