The bill amends section 15.1-21-21 of the North Dakota Century Code to enhance the financial literacy curriculum in schools. It mandates that each school district require students to complete one-half unit of financial literacy or ensure that their curriculum for economics or problems of democracy includes exposure to various personal finance concepts. The updated curriculum will cover topics such as budgeting and money management, saving and investing, credit and debt management, banking and financial services, income taxation, consumer skills, insurance and risk management, retirement planning, and entrepreneurship.

Additionally, the bill allows the superintendent of public instruction to permit school districts to select alternative courses for teaching these financial concepts, provided they can demonstrate that the number of students exposed to the concepts meets or exceeds those under the standard requirements. The bill emphasizes the importance of integrating financial literacy into education to better prepare students for real-world financial challenges.

Statutes affected:
INTRODUCED: 15.1-21-02.2
Adopted by the House Education Committee: 15.1-21-21
FIRST ENGROSSMENT: 15.1-21-21
Adopted by the Senate Education Committee: 15.1-21-21
Enrollment: 15.1-21-21