Florida Senate - 2022 COMMITTEE AMENDMENT Bill No. SB 1054 Ì263118%Î263118 LEGISLATIVE ACTION Senate . House Comm: WD . 02/15/2022 . . . . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— The Committee on Rules (Hutson) recommended the following: 1 Senate Amendment (with title amendment) 2 3 Delete lines 48 - 98 4 and insert: 5 and financial literacy. Beginning with the 2022-2023 school 6 year, financial literacy standards must establish specific 7 curricular content for, at a minimum, personal financial 8 literacy and money management and include instruction in the 9 areas specified in s. 1003.4282(3)(g)2. 10 Section 3. Paragraph (g) of subsection (3) of section 11 1003.4282, Florida Statutes, is amended to read: 12 1003.4282 Requirements for a standard high school diploma.— 13 (3) STANDARD HIGH SCHOOL DIPLOMA; COURSE AND ASSESSMENT 14 REQUIREMENTS.— 15 (g)1. Eight Credits in electives.—School districts must 16 develop and offer coordinated electives so that a student may 17 develop knowledge and skills in his or her area of interest, 18 such as electives with a STEM or liberal arts focus. Such 19 electives must include opportunities for students to earn 20 college credit, including industry-certified career education 21 programs or series of career-themed courses that result in 22 industry certification or articulate into the award of college 23 credit, or career education courses for which there is a 24 statewide or local articulation agreement and which lead to 25 college credit. 26 2. Beginning with the 2022-2023
2019-2020school year, all 27 school districts must offer a financial literacy course 28 consisting of at least one-half credit as an elective that 29 includes instruction in: 30 a. Types of bank accounts offered, opening and managing a 31 bank account, and assessing the quality of a depository 32 institution’s services. 33 b. Balancing a checkbook. 34 c. Basic principles of money management, such as spending, 35 credit, credit scores, and managing debt, including retail and 36 credit card debt. 37 d. Completing a loan application. 38 e. Receiving an inheritance and related implications. 39 f. Basic principles of personal insurance policies. 40 g. Computing federal income taxes. 41 h. Local tax assessments. 42 i. Computing interest rates by various mechanisms. 43 j. Simple contracts. 44 k. Contesting an incorrect billing statement. 45 l. Types of savings and investments. 46 m. State and federal laws concerning finance. 47 48 ================= T I T L E A M E N D M E N T ================ 49 And the title is amended as follows: 50 Delete lines 6 - 13 51 and insert: 52 State Standards; amending s. 1003.4282, F.S.; 53 specifying instruction that must be included in 54 financial literacy courses beginning with a specified 55 school year; providing an effective date.