This bill aims to enhance economic and financial literacy education in Minnesota by providing grants to the Minnesota Council on Economic Education for teacher professional development and related activities. The bill outlines specific purposes for the grant, including the development of curricular resources for K-12 teachers, support for direct-to-student programs, research on the effectiveness of financial literacy education, and collaboration with higher education institutions. The Minnesota Council on Economic Education is tasked with reporting on the use of grant funds, detailing the professional development opportunities provided, the number of teachers served, and the outcomes of the programs supported by the grants.

Additionally, the bill establishes a payment schedule for the grant funds, requiring the Department of Education to disburse half of the grant amount by August 15 and the remaining half by February 15 of the fiscal year. The bill also includes appropriations from the general fund to support these initiatives, ensuring that the Minnesota Council on Economic Education has the necessary resources to implement and evaluate its programs effectively.