Purpose of the Bill

The bill aims to provide financial support to Junior Achievement North for the expansion of its financial literacy programs for students. It seeks to enhance educational opportunities, particularly focusing on underserved student populations across Minnesota.

Main Provisions

• Grant Allocation: The bill authorizes a financial grant from Minnesota's general fund to the Department of Education, specifically earmarked for Junior Achievement North.
• Program Expansion: The grant is intended to increase access to financial literacy programs, career readiness education, and entrepreneurship opportunities for elementary and secondary students.
• Focus on Underserved Students: Special emphasis is placed on delivering programs to underserved communities, ensuring equitable access across the state, including Greater Minnesota.

Significant Changes

• Reporting Requirements: Junior Achievement North is mandated to provide annual reports to legislative committees concerning the use of funds. These reports must include details of program operations, demographic participation, and partnerships with other organizations.
• Alignment with Existing Laws: The grant must comply with Minnesota's established guidelines for evidence-based educational grants.

Relevant Terms

• Education finance
• Financial literacy
• Underserved students
• Junior Achievement North
• Grant appropriation
• Career readiness
• Entrepreneurship programs
• Greater Minnesota
• Equity in education