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Bill > SB0481


IN SB0481

IN SB0481
Real world and finance curriculum grant funds.


summary

Introduced
01/13/2025
In Committee
01/13/2025
Crossed Over
Passed
Dead
04/24/2025

Introduced Session

2025 Regular Session

Bill Summary

Real world and finance curriculum grant funds. Establishes the real world readiness grant program (program) to provide grants to eligible schools to better prepare students for life after graduation with or without the assistance of a partnering organization. Establishes the real world readiness fund (fund). Provides a procedure for eligible schools to apply to the department of education (department) to receive a grant from the fund. Requires the department to approve organizations that may partner with an eligible school to facilitate the program. Establishes the personal financial responsibility curriculum grant program to provide grants to eligible schools to develop or adopt personal financial responsibility curriculum. Establishes the personal financial responsibility curriculum fund (financial responsibility fund). Requires the department to establish guidelines: (1) an external organization must meet to be eligible to partner with an eligible applicant; and (2) to award grants to eligible applicants. Requires applicants that receive a grant from the financial responsibility fund to report student outcomes to the department, as developed by the department.

AI Summary

This bill establishes two new grant programs to enhance high school education in Indiana: the Real World Readiness Grant Program and the Personal Financial Responsibility Curriculum Grant Program. The Real World Readiness Grant Program will provide funding to public and accredited nonpublic high schools to develop learning opportunities that better prepare students for life after graduation. These opportunities include integrating real-world business challenges into curriculum, creating engaging learning experiences, developing critical workforce skills, providing career exploration, and ensuring access to high-quality education for students from diverse backgrounds. Schools can apply for grants independently or through partnerships with approved external organizations. The program will be administered by the Indiana Department of Education and funded through state appropriations, gifts, and grants. Similarly, the Personal Financial Responsibility Curriculum Grant Program will provide grants to eligible schools to develop or adopt financial literacy curriculum for students in grades 8-12. Schools can apply to receive funding to create or partner with external organizations to implement financial education programs. Both programs require grant recipients to report student outcomes and success metrics, and the department will develop guidelines for selecting partner organizations and awarding grants. The programs are set to take effect on July 1, 2025.

Committee Categories

Education

Sponsors (2)

Last Action

First reading: referred to Committee on Education and Career Development (on 01/13/2025)

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