Committee
Education; Appropriations
Author
Dennis DeBar
Session
2025 Session
Latest Action
SB 2147 died in the House Appropriations Committee on March 4.
Explanation of the Bill
As amended, Senate Bill 2147 would require the State Board of Education to incorporate financial literacy components into existing curriculum for grades 6-8. Additionally, it would require high school students to pass a ½ Carnegie Unit course in personal finance or a full Carnegie Unit course where at least half of the course standards cover financial literacy.
The financial literacy program for grades 9-12 would be required to include information on
decision-making, earning an income, saving and spending, using credit, and budgeting.
Financial Literacy Trust Fund
SB 2147 would establish the Financial Literacy Trust Fund to provide financial literacy education for this program. The fund would be administered by the State Board of Education and would accept money appropriated by the state or federal government.
The State Board of Education would administer the fund and develop rules and regulations for its administration. The board would provide an annual report to the Legislature on all activities and balances of the fund by December 1 of each year. Every two years, an independent audit of the fund would be conducted. The results would be provided to the Chairmen of the House and Senate Education Committee.
This act would take effect on July 1, 2025.
| Date | Details |
|---|---|
| 3/4/25 | SB 2147 died in the House Appropriations Committee on March 4. |
| 2/11/25 | On February 11, the Senate amended and passed the committee substitute for SB 2147. |