This bill aims to enhance economic and financial literacy education in Minnesota by providing grants to the Minnesota Council on Economic Education. It establishes a framework for the Council to offer professional development activities for teachers, specifically targeting those in kindergarten through grade 12 who are implementing state graduation standards related to economic and financial education. The grant money will be utilized for various purposes, including developing curricular resources, supporting direct-to-student programs, conducting research on the effectiveness of financial literacy education, and collaborating with higher education institutions.

Additionally, the bill mandates the Minnesota Council on Economic Education to submit annual reports detailing the professional development opportunities provided, the number of teachers trained, evaluations of these programs, and the status of research supported by the grant. The Department of Education is responsible for disbursing the grant funds in two installments each fiscal year. The bill includes appropriations from the general fund to support these initiatives, ensuring that resources are allocated for the advancement of economic education in the state.