FL H0029

Requires Florida Department of Education to work with nonprofit organizations to develop standards and curriculum for financial literacy instruction in public schools.

Financial literacy instruction must be integrated throughout economics courses and cover earning income, saving, investing, credit use, budgeting, debt management, banking, financial planning, credit reports and scores, and fraud prevention.

Beginning with students entering grade 9 in the 2015-2016 school year, a separate one-half credit course in financial literacy becomes a mandatory requirement for high school graduation and standard diploma, increasing total social studies credits from 3 to 3.5 credits.

Reduces elective course requirements from 8 credits to 7.5 credits for students entering grade 9 in 2015-2016 school year to accommodate the new financial literacy credit.

Instructional personnel without certification in social studies, economics, business, or marketing must complete a minimum of 14 hours of professional development in financial literacy instruction before teaching a high school financial literacy course.

Act takes effect July 1, 2015.