Florida Senate - 2017                          SENATOR AMENDMENT
       Bill No. CS for CS for HB 293
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                 Floor: WD/2R          .                                
             05/04/2017 07:52 PM       .                                

       Senator Stargel moved the following:
    1         Senate Amendment (with title amendment)
    3         Between lines 192 and 193
    4  insert:
    5         Section 4. Sections 5 and 6 of this act may be cited as the
    6  “Dorothy L. Hukill Financial Literacy Education Act.”
    7         Section 5. Paragraph (d) of subsection (2) of section
    8  1003.41, Florida Statutes, is amended, and paragraph (f) is
    9  added to that subsection, to read:
   10         1003.41 Next Generation Sunshine State Standards.—
   11         (2) Next Generation Sunshine State Standards must meet the
   12  following requirements:
   13         (d) Social Studies standards must establish specific
   14  curricular content for, at a minimum, geography, United States
   15  and world history, government, civics, humanities, and
   16  economics, including financial literacy. Financial literacy
   17  includes the knowledge, understanding, skills, behaviors,
   18  attitudes, and values that will enable a student to make
   19  responsible and effective financial decisions on a daily basis.
   20  Financial literacy instruction shall be an integral part of
   21  instruction throughout the entire economics course and include
   22  information regarding earning income; buying goods and services;
   23  saving and financial investing; taxes; the use of credit and
   24  credit cards; budgeting and debt management, including student
   25  loans and secured loans; banking and financial services;
   26  planning for one’s financial future, including higher education
   27  and career planning; credit reports and scores; and fraud and
   28  identity theft prevention. The requirements for financial
   29  literacy specified under this paragraph do not apply to students
   30  entering grade 9 in the 2017-2018 school year and thereafter.
   31         (f) Effective for students entering grade 9 in the 2017
   32  2018 school year and thereafter, financial literacy standards
   33  must establish specific curricular content for, at a minimum,
   34  personal financial literacy and money management. Financial
   35  literacy includes instruction in the areas specified in s.
   36  1003.4282(3)(h).
   37         Section 6. Paragraphs (d) and (g) of subsection (3) of
   38  section 1003.4282, Florida Statutes, are amended, and paragraph
   39  (h) is added to that subsection, to read:
   40         1003.4282 Requirements for a standard high school diploma.—
   43         (d) Three credits in social studies.—A student must earn
   44  one credit in United States History; one credit in World
   45  History; one-half credit in economics, which must include
   46  financial literacy; and one-half credit in United States
   47  Government. The United States History EOC assessment constitutes
   48  30 percent of the student’s final course grade. However, for a
   49  student entering grade 9 in the 2017-2018 school year or
   50  thereafter, financial literacy is not a required component of
   51  the one-half credit in economics.
   52         (g) Eight Credits in Electives.—School districts must
   53  develop and offer coordinated electives so that a student may
   54  develop knowledge and skills in his or her area of interest,
   55  such as electives with a STEM or liberal arts focus. Such
   56  electives must include opportunities for students to earn
   57  college credit, including industry-certified career education
   58  programs or series of career-themed courses that result in
   59  industry certification or articulate into the award of college
   60  credit, or career education courses for which there is a
   61  statewide or local articulation agreement and which lead to
   62  college credit. A student entering grade 9 before the 2017-2018
   63  school year must earn eight credits in electives. A student
   64  entering grade 9 in the 2017-2018 school year or thereafter must
   65  earn seven and one-half credits in electives.
   66         (h) One-half credit in personal financial literacy.
   67  Beginning with students entering grade 9 in the 2017-2018 school
   68  year, each student shall earn one-half credit in personal
   69  financial literacy and money management. This instruction must
   70  include discussion of or instruction in the following:
   71         1. Types of bank accounts offered, opening and managing a
   72  bank account, and assessing the quality of a depository
   73  institution’s services.
   74         2. Balancing a checkbook.
   75         3. Basic principles of money management, such as spending,
   76  credit, credit scores, and managing debt, including retail and
   77  credit card debt.
   78         4. Completing a loan application.
   79         5. Receiving an inheritance and related implications.
   80         6. Basic principles of personal insurance policies.
   81         7. Computing federal income taxes.
   82         8. Local tax assessments.
   83         9. Computing interest rates by various mechanisms.
   84         10. Simple contracts.
   85         11. Contesting an incorrect billing statement.
   86         12. Types of savings and investments.
   87         13. State and federal laws concerning finance.
   89  ================= T I T L E  A M E N D M E N T ================
   90  And the title is amended as follows:
   91         Delete line 12
   92  and insert:
   93         an appropriation; providing a short title; amending s.
   94         1003.41, F.S.; revising the requirements for the Next
   95         Generation Sunshine State Standards to include
   96         financial literacy; amending s. 1003.4282, F.S.;
   97         revising the required credits for a standard high
   98         school diploma to include one-half credit of
   99         instruction in personal financial literacy and money
  100         management and seven and one-half, rather than eight,
  101         credits in electives; providing an effective date.