NC H882

Establishes a five-year Financial Literacy Elective Course Pilot Program administered by the State Board of Education beginning in the 2017-2018 school year.

Selects up to 10 local school administrative units representing geographic, economic, and social diversity of North Carolina to participate in the program for five school years.

Requires pilot course curriculum to include personal banking, credit card finance, student loan financing, mortgages, credit scoring, credit reports, automobile financing, and personal finance best practices as an in-depth supplement to existing financial literacy instruction.

State Board must develop curriculum, materials, teacher qualifications, and implementation guidelines prior to selecting pilot units.

Appropriates $500,000 from the General Fund to the Department of Public Instruction for fiscal year 2017-2018 and requires annual reporting to the Joint Legislative Education Oversight Committee by November 15.