This bill proposes a grant to support economic and financial literacy education in Minnesota by funding teacher professional development, student programs, and research. The Minnesota Council on Economic Education (MCEE) would receive these funds to: 1. Provide professional development and curricular resources for K-12 teachers implementing economic and financial education. 2. Support direct-to-student economic and personal finance programs supervised by teachers or provided by MCEE. 3. Conduct research on the effectiveness of economic and financial literacy education. 4. Support geographically diverse higher education faculty and centers focused on economic and financial literacy.

The bill also mandates annual reporting from MCEE to the Minnesota Department of Education, detailing the number and types of professional development programs, teacher participation, program evaluations, and research findings. The state will distribute grants in two payments each fiscal year, with required fiscal reporting from MCEE.

The bill appropriates $800,000 annually from the general fund to the Department of Education for these purposes.