SF 2118

Introduction - 94th Legislature (2025 - 2026)

Posted on 03/04/2025 09:54 a.m.

A bill for an act
relating to education finance; providing for a grant for economic and financial
literacy education and teacher professional development activities; appropriating
money.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

new text begin MINNESOTA COUNCIL ON ECONOMIC EDUCATION;
PROFESSIONAL DEVELOPMENT ACTIVITIES.
new text end

new text begin Subdivision 1. new text end

new text begin Purpose. new text end

new text begin The Minnesota Council on Economic Education may provide
professional development activities to Minnesota's teachers.
new text end

new text begin Subd. 2. new text end

new text begin Grant uses. new text end

new text begin Grant money received by the Minnesota Council on Economic
Education must be used to:
new text end

new text begin (1) provide professional development to and curate and develop curricular resources
for:
new text end

new text begin (i) Minnesota's kindergarten through grade 12 teachers implementing state graduation
standards in learning areas related to economic and financial education; and
new text end

new text begin (ii) Minnesota's grade 9 through 12 teachers providing personal finance and consumer
protection instruction to students;
new text end

new text begin (2) support the direct-to-student ancillary economic and personal finance programs that
Minnesota teachers supervise and coach or that the Minnesota Council on Economic
Education delivers directly to students;
new text end

new text begin (3) support research on the effectiveness of economic and financial literacy education
in kindergarten through grade 12 to ensure that the intent of the economics graduation
standards and the high school personal finance course requirement is being met, and to
identify avenues for improving economic and financial literacy education; and
new text end

new text begin (4) support geographically diverse affiliated higher education faculty and higher
education-based centers for economic and financial literacy education, including those based
at Minnesota State University, Mankato; St. Cloud State University; and St. Catherine
University, for activities related to clauses (1) to (3).
new text end

new text begin Subd. 3. new text end

new text begin Reporting. new text end

new text begin (a) By February 15 of each year following the receipt of grant
money, the Minnesota Council on Economic Education must provide a midyear report to
the commissioner of education. By August 15 of each year following receipt of grant money,
the Minnesota Council on Economic Education must prepare a year-end report containing
at least the information required in paragraph (b) to the commissioner of education in the
form and manner prescribed by the commissioner. The commissioner may request additional
information as necessary.
new text end

new text begin (b) The report must include:
new text end

new text begin (1) the number and type of in-person and online teacher professional development
opportunities provided by the Minnesota Council on Economic Education or its affiliated
state centers;
new text end

new text begin (2) a description of the content, length, and location of the programs;
new text end

new text begin (3) the number of preservice and licensed teachers receiving professional development
through each of these opportunities;
new text end

new text begin (4) summaries of evaluations of teacher professional opportunities;
new text end

new text begin (5) a list of the number, types, and summary evaluations of the direct-to-student ancillary
personal finance programs that are supported by grant money; and
new text end

new text begin (6) a description and the status of all economic and financial literacy education research
and results of the research supported by grant money.
new text end

new text begin (c) The reports required under this subdivision must be prepared and filed according to
section 3.195.
new text end

new text begin Subd. 4. new text end

new text begin Grant payment schedule. new text end

new text begin The Department of Education must pay one-half of
the amount of any grant money awarded to the Minnesota Council on Economic Education
by August 15 of each fiscal year for which the money is appropriated and the other half
must be paid by February 15 of that same fiscal year. The Minnesota Council on Economic
Education must submit its fiscal reporting in the form and manner specified by the
commissioner. The commissioner may request additional financial information as necessary.
new text end

Sec. 2. new text begin APPROPRIATIONS; MINNESOTA COUNCIL ON ECONOMIC
EDUCATION.
new text end

new text begin Subdivision 1. new text end

new text begin Department of Education. new text end

new text begin The sums indicated in this section are
appropriated from the general fund to the Department of Education in the fiscal years
designated.
new text end

new text begin Subd. 2. new text end

new text begin Minnesota Council on Economic Education. new text end

new text begin For a grant to the Minnesota
Council on Economic Education for providing personal finance programs, economic
education, and professional development to teachers:
new text end

	new text begin $ new text end	new text begin 800,000 new text end	new text begin ..... new text end	new text begin 2026 new text end
	new text begin $ new text end	new text begin 800,000 new text end	new text begin ..... new text end	new text begin 2027 new text end