MS SB2751

State Board of Education must implement a financial literacy curriculum by the 2017-2018 academic school year requiring all students to pass a one-half Carnegie Unit course in personal finance to earn a high school diploma.

Establishes the "Financial Literacy Trust Fund" as a special fund in the State Treasury administered by the State Board of Education to accept private contributions, grants, and appropriated funds for the program.

Fund shall be an expendable trust fund not subject to appropriation or allotment, with unexpended monies rolling over to the subsequent fiscal year and requiring an annual independent audit and legislative report by December 31.

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

Amends Section 37-7-301 to require school boards to implement a financial literacy program covering decision making, earning income, saving and spending, use of credit, and budgeting for students in grades 9-12.