This bill proposes a grant for economic and financial literacy education in Minnesota. It authorizes the Minnesota Council on Economic Education (MCEE) to use the grant for:

1. Teacher Professional Development – Providing training and developing resources for K-12 teachers to support economic and financial education.
2. Student Programs – Supporting educational programs in personal finance and economic literacy, either facilitated by teachers or directly provided by the MCEE.
3. Research on Effectiveness – Studying the impact of economic and financial education to improve instruction and ensure compliance with graduation standards.
4. Higher Education Partnerships – Supporting university-affiliated centers that provide economic and financial literacy education.

The bill mandates annual reporting by the MCEE to the Minnesota Department of Education, detailing professional development opportunities, participant numbers, program descriptions, evaluations, and research findings.

The Department of Education is responsible for distributing funds, with half of the grant paid by August 15 and the other half by February 15 of each fiscal year.

The appropriation for this initiative is $800,000 per year for the upcoming fiscal years.