Florida Senate - 2022                        COMMITTEE AMENDMENT
       Bill No. SB 1054
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                   Comm: WD            .                                
                  02/15/2022           .                                

       The Committee on Rules (Hutson) recommended the following:
    1         Senate Amendment (with title amendment)
    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.—
   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 2019-2020 school 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.
   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.