HF 2010

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/20/2023 12:21pm

A bill for an act
relating to education finance; authorizing a grant for Junior Achievement North
for expansion of its student financial literacy activities; requiring reports;
appropriating money.

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

Section 1. new text begin APPROPRIATIONS; FINANCIAL LITERACY GRANT.
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 Junior Achievement North. new text end

new text begin (a) For a grant to Junior Achievement North to
expand access to its financial literacy programming for elementary and secondary students:
new text end

	new text begin $ new text end	new text begin 1,000,000 new text end	new text begin ..... new text end	new text begin 2024 new text end
	new text begin $ new text end	new text begin 1,000,000 new text end	new text begin ..... new text end	new text begin 2025 new text end

new text begin (b) The grant awarded under this section must be consistent with the procedures for
evidence-based education grants under Minnesota Statutes, section 127A.20.
new text end

new text begin (c) Junior Achievement North must use the grant proceeds to expand the number of
students who participate in Junior Achievement North's financial literacy programs, career
readiness programs, and entrepreneurship programs with a focus on expanding opportunities
for underserved students. To the extent possible, programming must be provided in an
equitable manner to students in greater Minnesota.
new text end

new text begin (d) In addition to other reporting requirements, and subject to Minnesota Statutes, section
3.195, by February 1 of each year Junior Achievement North receives an appropriation,
Junior Achievement North must report to the chairs and ranking minority members of the
legislative committees with jurisdiction over education on activities funded by this
appropriation. The report must include but is not limited to: information about the operations
of Junior Achievement North, including its most recent audit; a description of the financial
literacy, career readiness, and entrepreneurship programs offered during the year;
participation and demographic information about the students and schools served by the
program; and a description of partnerships with other financial literacy organizations.
new text end