MS HB1054

State Board of Education must implement a financial literacy curriculum by the 2017-2018 academic school year for all public schools, including charter schools.

Financial literacy course accounts for one-half Carnegie unit and successful passage is required for graduation.

Establishes "Financial Literacy Trust Fund" in state treasury to fund the program, administered by the State Board of Education and eligible to receive private contributions, grants, and appropriated funds.

Department of Banking and Consumer Finance authorized to contribute a portion of funds generated from penalties and fees to financial literacy education.

Financial literacy curriculum must include instruction in decision making, earning income, saving and spending, use of credit, and budgeting; school boards may coordinate with volunteer teachers from community organizations including banks and nonprofit groups.