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Bill > HB1527


MS HB1527

MS HB1527
Financial literacy curriculum; require State Board of Education to create for all public school students in Grades 6-8.


summary

Introduced
01/20/2025
In Committee
02/17/2025
Crossed Over
02/11/2025
Passed
Dead
03/04/2025

Introduced Session

Potential new amendment
2025 Regular Session

Bill Summary

An Act To Require The State Board Of Education To Incorporate Components Within The Existing Financial Literacy Curriculum For Students In Grades 6 Through 8 Beginning With The 2026-2027 School Year; To Require Passage Of A One-half Carnegie Unit Course In Financial Literacy As A Graduation Requirement For All Public School Students, Including Those In Charter Schools, Beginning With The 2031 Graduating Class; To Establish The Financial Literacy Trust Fund In The State Treasury To Support Financial Literacy Education; To Require The State Board Of Education To Administer The Fund; To Amend Sections 37-7-301, 37-16-7 And 37-28-45, Mississippi Code Of 1972, In Conformity To The Provisions Of This Act; And For Related Purposes.

AI Summary

This bill requires the Mississippi State Board of Education to implement a comprehensive financial literacy curriculum for public school students in Grades 6-8 beginning in the 2026-2027 academic year. Starting with the graduating class of 2031, students will be required to pass a one-half Carnegie Unit course in personal finance or a full Carnegie Unit course with half the standards focused on financial literacy in order to earn a high school diploma. The bill establishes a Financial Literacy Trust Fund in the state treasury to support financial literacy education, which can accept private contributions, grants, and government funds. The financial literacy program will include instruction on decision making, earning income, saving and spending, use of credit, and budgeting. The State Board of Education is tasked with developing rules and regulations for the trust fund, including conducting an independent audit every three years and reporting annually to the Legislature. The bill applies to all public schools, including charter schools, and aims to ensure students gain essential financial skills before graduating. The curriculum will be incorporated into existing courses for middle and high school students, with schools making best efforts to cover financial literacy topics across Grades 6-8.

Committee Categories

Education

Sponsors (1)

Last Action

Died In Committee (on 03/04/2025)

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