Florida Senate - 2018 SENATOR AMENDMENT Bill No. CS/CS/HB 731, 1st Eng. Ì885618IÎ885618 LEGISLATIVE ACTION Senate . House . . . . . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— Senator Hukill moved the following: 1 Senate Amendment (with title amendment) 2 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.— 39 (3) STANDARD HIGH SCHOOL DIPLOMA; COURSE AND ASSESSMENT 40 REQUIREMENTS.— 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)
EightCredits 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. 86 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.