1 | 1 | | 1.1 A bill for an act |
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2 | 2 | | 1.2 relating to education finance; providing for a grant for economic and financial |
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3 | 3 | | 1.3 literacy education and teacher professional development activities; appropriating |
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4 | 4 | | 1.4 money. |
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5 | 5 | | 1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: |
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6 | 6 | | 1.6 Section 1. MINNESOTA COUNCIL ON ECONOMIC EDUCATION; |
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7 | 7 | | 1.7PROFESSIONAL DEVELOPMENT ACTIVITIES. |
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8 | 8 | | 1.8 Subdivision 1.Purpose.The Minnesota Council on Economic Education may provide |
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9 | 9 | | 1.9professional development activities to Minnesota's teachers. |
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10 | 10 | | 1.10 Subd. 2.Grant uses.Grant money received by the Minnesota Council on Economic |
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11 | 11 | | 1.11Education must be used to: |
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12 | 12 | | 1.12 (1) provide professional development to and curate and develop curricular resources |
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13 | 13 | | 1.13for: |
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14 | 14 | | 1.14 (i) Minnesota's kindergarten through grade 12 teachers implementing state graduation |
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15 | 15 | | 1.15standards in learning areas related to economic and financial education; and |
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16 | 16 | | 1.16 (ii) Minnesota's grade 9 through 12 teachers providing personal finance and consumer |
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17 | 17 | | 1.17protection instruction to students; |
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18 | 18 | | 1.18 (2) support the direct-to-student ancillary economic and personal finance programs that |
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19 | 19 | | 1.19Minnesota teachers supervise and coach or that the Minnesota Council on Economic |
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20 | 20 | | 1.20Education delivers directly to students; |
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21 | 21 | | 1.21 (3) support research on the effectiveness of economic and financial literacy education |
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22 | 22 | | 1.22in kindergarten through grade 12 to ensure that the intent of the economics graduation |
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23 | 23 | | 1Section 1. |
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24 | 24 | | REVISOR CR/NS 25-0317802/12/25 |
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25 | 25 | | State of Minnesota |
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26 | 26 | | This Document can be made available |
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27 | 27 | | in alternative formats upon request |
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28 | 28 | | HOUSE OF REPRESENTATIVES |
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29 | 29 | | H. F. No. 1766 |
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30 | 30 | | NINETY-FOURTH SESSION |
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31 | 31 | | Authored by Clardy, Bakeberg, Hill, Carroll, Norris and others03/03/2025 |
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32 | 32 | | The bill was read for the first time and referred to the Committee on Education Finance 2.1standards and the high school personal finance course requirement is being met, and to |
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33 | 33 | | 2.2identify avenues for improving economic and financial literacy education; and |
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34 | 34 | | 2.3 (4) support geographically diverse affiliated higher education faculty and higher |
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35 | 35 | | 2.4education-based centers for economic and financial literacy education, including those based |
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36 | 36 | | 2.5at Minnesota State University, Mankato; St. Cloud State University; and St. Catherine |
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37 | 37 | | 2.6University, for activities related to clauses (1) to (3). |
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38 | 38 | | 2.7 Subd. 3.Reporting.(a) By February 15 of each year following the receipt of grant |
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39 | 39 | | 2.8money, the Minnesota Council on Economic Education must provide a midyear report to |
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40 | 40 | | 2.9the commissioner of education. By August 15 of each year following receipt of grant money, |
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41 | 41 | | 2.10the Minnesota Council on Economic Education must prepare a year-end report containing |
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42 | 42 | | 2.11at least the information required in paragraph (b) to the commissioner of education in the |
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43 | 43 | | 2.12form and manner prescribed by the commissioner. The commissioner may request additional |
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44 | 44 | | 2.13information as necessary. |
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45 | 45 | | 2.14 (b) The report must include: |
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46 | 46 | | 2.15 (1) the number and type of in-person and online teacher professional development |
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47 | 47 | | 2.16opportunities provided by the Minnesota Council on Economic Education or its affiliated |
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48 | 48 | | 2.17state centers; |
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49 | 49 | | 2.18 (2) a description of the content, length, and location of the programs; |
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50 | 50 | | 2.19 (3) the number of preservice and licensed teachers receiving professional development |
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51 | 51 | | 2.20through each of these opportunities; |
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52 | 52 | | 2.21 (4) summaries of evaluations of teacher professional opportunities; |
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53 | 53 | | 2.22 (5) a list of the number, types, and summary evaluations of the direct-to-student ancillary |
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54 | 54 | | 2.23personal finance programs that are supported by grant money; and |
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55 | 55 | | 2.24 (6) a description and the status of all economic and financial literacy education research |
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56 | 56 | | 2.25and results of the research supported by grant money. |
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57 | 57 | | 2.26 (c) The reports required under this subdivision must be prepared and filed according to |
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58 | 58 | | 2.27section 3.195. |
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59 | 59 | | 2.28 Subd. 4.Grant payment schedule.The Department of Education must pay one-half of |
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60 | 60 | | 2.29the amount of any grant money awarded to the Minnesota Council on Economic Education |
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61 | 61 | | 2.30by August 15 of each fiscal year for which the money is appropriated and the other half |
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62 | 62 | | 2.31must be paid by February 15 of that same fiscal year. The Minnesota Council on Economic |
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63 | 63 | | 2Section 1. |
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64 | 64 | | REVISOR CR/NS 25-0317802/12/25 3.1Education must submit its fiscal reporting in the form and manner specified by the |
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65 | 65 | | 3.2commissioner. The commissioner may request additional financial information as necessary. |
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66 | 66 | | 3.3 Sec. 2. APPROPRIATIONS; MINNESOTA COUNCIL ON ECONOMIC |
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67 | 67 | | 3.4EDUCATION. |
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68 | 68 | | 3.5 Subdivision 1.Department of Education.The sums indicated in this section are |
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69 | 69 | | 3.6appropriated from the general fund to the Department of Education in the fiscal years |
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70 | 70 | | 3.7designated. |
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71 | 71 | | 3.8 Subd. 2.Minnesota Council on Economic Education.For a grant to the Minnesota |
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72 | 72 | | 3.9Council on Economic Education for providing personal finance programs, economic |
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73 | 73 | | 3.10education, and professional development to teachers: |
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74 | 74 | | 2026.....800,0003.11 $ |
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75 | 75 | | 2027.....800,0003.12 $ |
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76 | 76 | | 3Sec. 2. |
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77 | 77 | | REVISOR CR/NS 25-0317802/12/25 |
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