15-260. State seal of personal finance proficiency program; requirements; diploma; program termination

A. The superintendent of public instruction shall establish a state seal of personal finance proficiency program to recognize students who graduate from a school operated by a school district or a charter school located in this state and who have attained a high level of proficiency in personal finance.

B. The superintendent of public instruction shall:

1. Create a state seal of personal finance proficiency, which shall be affixed to the diploma and noted on the transcript of a student to recognize that the student has met the requirements prescribed in this section.

2. Deliver the state seal of personal finance proficiency to each public school district or charter school that participates in the program.

C. Any school district or charter school may voluntarily participate in the state seal of personal finance proficiency program by notifying the superintendent of public instruction of the school district's or charter school's intent to participate in the program.

D. Each school district governing board or charter school governing body that participates in the state seal of personal finance proficiency program shall:

1. Identify the students who have met the requirements to be awarded the state seal of personal finance proficiency.

2. Affix the state seal of personal finance proficiency to the diploma and note the receipt of the state seal of personal finance proficiency on the transcript of each student who meets those requirements.

E. The state board of education, in collaboration with any organization with expertise in finance or financial literacy, shall adopt minimum requirements for the program established pursuant to this section and may adopt rules as necessary to carry out the purposes of this section.

F. A school district or charter school that participates in the state seal of personal finance proficiency program established pursuant to this section shall award a student, on graduation from high school, a high school diploma with a state seal of personal finance proficiency if the student meets both of the following requirements:

1. Successfully completes all social studies requirements for graduation with an overall grade point average in those classes of 3.0 or higher on a 4.0 scale, or the equivalent.

2. Demonstrates proficiency in personal finance by meeting the requirements adopted pursuant to subsection E of this section.

G. The program established pursuant to this section ends on July 1, 2028 pursuant to section 41-3102.