Purpose of the Bill

The bill aims to support and expand financial literacy education for students in Minnesota. It grants funds to Junior Achievement North to broaden access to their programs, focusing on financial literacy, career readiness, and entrepreneurship, especially for underserved students.

Main Provisions

• Grant Authorization: The bill authorizes a grant to Junior Achievement North, allocated by the Minnesota Department of Education, to enhance their educational programs.
• Program Focus: The grant is intended to expand Junior Achievement North’s reach and effectiveness in teaching financial literacy to elementary and secondary students. Particular attention is given to serving underserved populations and ensuring equitable access to students across Minnesota.
• Reporting Requirements: Junior Achievement North must annually report on their activities funded by this grant. This includes providing details about program operations, participant demographics, partnerships, and audits. These reports must be submitted to the legislative committees responsible for education oversight.

Significant Changes

This bill introduces new funding specifically for expanding financial literacy programs, with a mandate for regular reporting and an emphasis on serving disadvantaged student groups.

Relevant Terms

• Financial literacy
• Junior Achievement North
• Education finance
• Underserved students
• Career readiness programs
• Entrepreneurship programs
• Equitable access