Florida Senate - 2022                          SENATOR AMENDMENT
       Bill No. SB 1054
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                Floor: 2/AD/2R         .                                
             03/04/2022 04:06 PM       .                                

       Senator Hutson moved the following:
    1         Senate Substitute for Amendment (391790) (with title
    2  amendment)
    4         Delete lines 49 - 98
    5  and insert:
    6  in the 2023-2024 school year and thereafter, financial literacy
    7  standards must establish specific curricular content for, at a
    8  minimum, personal financial literacy and money management and
    9  include instruction in the areas specified in s.
   10  1003.4282(3)(h).
   11         Section 3. Paragraph (g) of subsection (3) and paragraph
   12  (a) of subsection (10) of section 1003.4282, Florida Statutes,
   13  are amended, and paragraph (h) is added to subsection (3) of
   14  that section, to read:
   15         1003.4282 Requirements for a standard high school diploma.—
   18         (g) Eight Credits in electives.—School districts must
   19  develop and offer coordinated electives so that a student may
   20  develop knowledge and skills in his or her area of interest,
   21  such as electives with a STEM or liberal arts focus. Such
   22  electives must include opportunities for students to earn
   23  college credit, including industry-certified career education
   24  programs or series of career-themed courses that result in
   25  industry certification or articulate into the award of college
   26  credit, or career education courses for which there is a
   27  statewide or local articulation agreement and which lead to
   28  college credit. A student entering grade 9 before the 2023-2024
   29  school year must earn eight credits in electives. A student
   30  entering grade 9 in the 2023-2024 school year or thereafter must
   31  earn seven and one-half credits in electives Beginning with the
   32  2019-2020 school year, all school districts must offer a
   33  financial literacy course consisting of at least one-half credit
   34  as an elective.
   35         (h) One-half credit in personal financial literacy.
   36  Beginning with students entering grade 9 in the 2023-2024 school
   37  year, each student must earn one-half credit in personal
   38  financial literacy and money management. This instruction must
   39  include discussion of or instruction in all of the following:
   40         1. Types of bank accounts offered, opening and managing a
   41  bank account, and assessing the quality of a depository
   42  institution’s services.
   43         2. Balancing a checkbook.
   44         3. Basic principles of money management, such as spending,
   45  credit, credit scores, and managing debt, including retail and
   46  credit card debt.
   47         4. Completing a loan application.
   48         5. Receiving an inheritance and related implications.
   49         6. Basic principles of personal insurance policies.
   50         7. Computing federal income taxes.
   51         8. Local tax assessments.
   52         9. Computing interest rates by various mechanisms.
   53         10. Simple contracts.
   54         11. Contesting an incorrect billing statement.
   55         12. Types of savings and investments.
   56         13. State and federal laws concerning finance.
   58  OPTION.—Beginning with the 2019-2020 school year, a student is
   59  eligible to complete an alternative pathway to earning a
   60  standard high school diploma through the Career and Technical
   61  Education (CTE) pathway option. Receipt of a standard high
   62  school diploma awarded through the CTE pathway option requires
   63  the student’s successful completion of at least 18 credits. A
   64  student completing the CTE pathway option must earn at least a
   65  cumulative grade point average (GPA) of 2.0 on a 4.0 scale.
   66         (a) In order for a student to satisfy the requirements of
   67  the CTE pathway option, he or she must meet the GPA requirement
   68  and:
   69         1. Meet the requirements in paragraphs (3)(a) through (d)
   70  and, additionally, for students entering grade 9 in the 2023
   71  2024 school year and thereafter, paragraph (3)(h);
   72         2. Complete two credits in career and technical education.
   73  The courses must result in a program completion and an industry
   74  certification; and
   75         3.a.For a student who enters grade 9 before the 2023-2024
   76  school year, complete two credits in electives or work-based
   77  learning programs. A one-half credit in financial literacy may
   78  be included in the two credits of electives; or
   79         b. For a student who enters grade 9 in the 2023-2024 school
   80  year and thereafter, complete one and one-half credits in
   81  electives or work-based learning programs Complete two credits
   82  in work-based learning programs. A student may substitute up to
   83  two credits of electives, including one-half credit in financial
   84  literacy, for work-based learning program courses to fulfill
   85  this requirement.
   86         Section 4. Subsection (5) of section 1002.3105, Florida
   87  Statutes, is amended to read:
   88         1002.3105 Academically Challenging Curriculum to Enhance
   89  Learning (ACCEL) options.—
   90         (5) AWARD OF A STANDARD HIGH SCHOOL DIPLOMA.—A student who
   91  meets the following applicable grade 9 cohort graduation
   92  requirements of s. 1003.4282(3)(a)-(e), earns three credits in
   93  electives, and earns a cumulative grade point average (GPA) of
   94  2.0 on a 4.0 scale shall be awarded a standard high school
   95  diploma in a form prescribed by the State Board of Education:
   96         (a)The applicable grade 9 cohort graduation requirements
   97  of s. 1003.4282(3)(a)-(e);
   98         (b)1.For a student who enters grade 9 before the 2023-2024
   99  school year, earn three credits in electives; or
  100         2.For a student who enters grade 9 in the 2023-2024 school
  101  year and thereafter, earn two and one-half credits in electives
  102  and one-half credit in financial literacy; and
  103         (c)Earn a cumulative grade point average (GPA) of 2.0 on a
  104  4.0 scale.
  106  ================= T I T L E  A M E N D M E N T ================
  107  And the title is amended as follows:
  108         Delete line 13
  109  and insert:
  110         and money management; modifying the requirements for
  111         the career and technical education graduation pathway
  112         option; amending s. 1002.3105, F.S.; modifying the
  113         requirements for the award of a standard high school
  114         diploma for Academically Challenging Curriculum to
  115         Enhance Learning options; providing an effective date.