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NC S134
Bill
AI Summary
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Requires all North Carolina high school students to complete a full-credit Economics and Personal Finance (EPF) course with a passing grade for graduation, effective for students entering ninth grade in 2020-2021
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EPF course must include instruction on credit costs, credit cards, auto loans, mortgages, credit scoring, and planning for postsecondary education, based on Voluntary National Content Standards in Economics and 2013 National Standards for Financial Literacy
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Mandates professional development for EPF teachers through the North Carolina Council on Economic Education, with $1,063,800 appropriated for 2019-2020 to provide the course and $500 stipends to teachers upon completion of required assessments
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Requires high school civic literacy instruction through a semester course called "Founding Principles of the United States of America and North Carolina: Civic Literacy" with a passing grade required for graduation, effective for students entering ninth grade in 2021-2022
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Extends financial literacy requirements to charter schools and applies new course standards to social studies curriculum while limiting total social studies credits for high school graduation to no more than four courses
Legislative Description
Economics & Financial Literacy Act
Last Action
Re-ref Com On Appropriations/Base Budget
4/3/2019