Florida Senate - 2018                          SENATOR AMENDMENT
       Bill No. CS/CS/HB 731, 1st Eng.
                              LEGISLATIVE ACTION                        
                    Senate             .             House              

       Senator Hukill moved the following:
    1         Senate Amendment (with title amendment)
    3         Between lines 579 and 580
    4  insert:
    5         Section 9. Paragraph (d) of subsection (2) of section
    6  1003.41, Florida Statutes, is amended, and paragraph (f) is
    7  added to that subsection, to read:
    8         1003.41 Next Generation Sunshine State Standards.—
    9         (2) Next Generation Sunshine State Standards must meet the
   10  following requirements:
   11         (d) Social Studies standards must establish specific
   12  curricular content for, at a minimum, geography, United States
   13  and world history, government, civics, humanities, and
   14  economics, including financial literacy. Financial literacy
   15  includes the knowledge, understanding, skills, behaviors,
   16  attitudes, and values that will enable a student to make
   17  responsible and effective financial decisions on a daily basis.
   18  Financial literacy instruction shall be an integral part of
   19  instruction throughout the entire economics course and include
   20  information regarding earning income; buying goods and services;
   21  saving and financial investing; taxes; the use of credit and
   22  credit cards; budgeting and debt management, including student
   23  loans and secured loans; banking and financial services;
   24  planning for one’s financial future, including higher education
   25  and career planning; credit reports and scores; and fraud and
   26  identity theft prevention. The requirements for financial
   27  literacy specified under this paragraph do not apply to students
   28  entering grade 9 in the 2018-2019 school year and thereafter.
   29         (f) Effective for students entering grade 9 in the 2018
   30  2019 school year and thereafter, financial literacy standards
   31  must establish specific curricular content for, at a minimum,
   32  personal financial literacy and money management. Financial
   33  literacy includes instruction in the areas specified in s.
   34  1003.4282(3)(h).
   35         Section 10. Paragraphs (d) and (g) of subsection (3) of
   36  section 1003.4282, Florida Statutes, are amended, and paragraph
   37  (h) is added to that subsection, to read:
   38         1003.4282 Requirements for a standard high school diploma.—
   41         (d) Three credits in social studies.—A student must earn
   42  one credit in United States History; one credit in World
   43  History; one-half credit in economics, which must include
   44  financial literacy; and one-half credit in United States
   45  Government. The United States History EOC assessment constitutes
   46  30 percent of the student’s final course grade. However, for a
   47  student entering grade 9 in the 2018-2019 school year or
   48  thereafter, financial literacy is not a required component of
   49  the one-half credit in economics.
   50         (g) Eight Credits in Electives.—School districts must
   51  develop and offer coordinated electives so that a student may
   52  develop knowledge and skills in his or her area of interest,
   53  such as electives with a STEM or liberal arts focus. Such
   54  electives must include opportunities for students to earn
   55  college credit, including industry-certified career education
   56  programs or series of career-themed courses that result in
   57  industry certification or articulate into the award of college
   58  credit, or career education courses for which there is a
   59  statewide or local articulation agreement and which lead to
   60  college credit. A student entering grade 9 before the 2018-2019
   61  school year must earn eight credits in electives. A student
   62  entering grade 9 in the 2018-2019 school year or thereafter must
   63  earn seven and one-half credits in electives.
   64         (h) One-half credit in personal financial literacy.
   65  Beginning with students entering grade 9 in the 2018-2019 school
   66  year, each student shall earn one-half credit in personal
   67  financial literacy and money management. This instruction must
   68  include discussion of or instruction in the following:
   69         1. Types of bank accounts offered, opening and managing a
   70  bank account, and assessing the quality of a depository
   71  institution’s services.
   72         2. Balancing a checkbook.
   73         3. Basic principles of money management, such as spending,
   74  credit, credit scores, and managing debt, including retail and
   75  credit card debt.
   76         4. Completing a loan application.
   77         5. Receiving an inheritance and related implications.
   78         6. Basic principles of personal insurance policies.
   79         7. Computing federal income taxes.
   80         8. Local tax assessments.
   81         9. Computing interest rates by various mechanisms.
   82         10. Simple contracts.
   83         11. Contesting an incorrect billing statement.
   84         12. Types of savings and investments.
   85         13. State and federal laws concerning finance.
   87  ================= T I T L E  A M E N D M E N T ================
   88  And the title is amended as follows:
   89         Delete line 54
   90  and insert:
   91         contingent appropriation; amending s. 1003.41, F.S.;
   92         revising the requirements for the Next Generation
   93         Sunshine State Standards to include financial
   94         literacy; amending s. 1003.4282, F.S.; revising the
   95         required credits for a standard high school diploma to
   96         include one-half credit of instruction in personal
   97         financial literacy and money management and seven and
   98         one-half, rather than eight, credits in electives;
   99         providing an effective date.