MS HB637

State Board of Education shall implement a financial literacy curriculum by the 2014-2015 academic school year requiring all students to complete a one-half Carnegie Unit credit course in personal finance as a high school graduation requirement.

Establishes the "Financial Literacy Trust Fund" as a special fund in the State Treasury to support the program, eligible to accept private contributions, grants, and appropriations from state or federal sources.

Financial literacy curriculum shall include instruction in decision making, earning income, saving and spending, use of credit, and budgeting.

Trust fund shall be administered by the State Board of Education with annual independent audits and may contract with private corporations or create a 501(c)(3) corporation to manage programmatic and administrative functions.

Board shall annually report to the Legislature all programmatic and financial activities and fund balances by December 31 of each year.