SB1266 Summary

• Requires all high school students entering 9th grade in 2024-2025 and beyond to complete a stand-alone, one-semester personal finance course in grade 11 or 12 prior to graduation.

• Course content must cover behavioral economics, banking, bill payment, investing, credit management, taxes, budgeting, insurance, retirement planning, college financing, home ownership, and personal transportation.

• State Board of Education shall devise or approve personal finance education standards and may update them every 5 years; school boards oversee implementation and prepare lists of qualified curriculum and professional development providers.

• Creates Financial Literacy Fund to award grants to school districts for teacher training, financial literacy competitions, and related educational activities, with efforts to ensure representation across all geographic areas of the state.

• Personal finance course may count toward fulfillment of other graduation requirements as determined by school boards; course requirements do not apply to students with disabilities whose individualized education programs determine their course of study.