(A) The State Board of Education shall develop or adopt curricula, materials, and guidelines for local school boards to use in implementing a program of instruction on financial literacy within courses currently offered in high schools in this State.
(B) The financial literacy program shall include, but not be limited to, instruction in the following areas:
(1) opening a deposit account and assessing the quality of a depository institution's services;
(2) balancing a check book;
(3) spending, credit, credit scoring, and managing debt, including retail and credit card debt;
(4) completing a loan application;
(5) the implications of an inheritance;
(6) the basic principles of personal insurance policies;
(7) computing state and federal income taxes;
(8) local tax assessments;
(9) computing interest rates by various mechanisms;
(10) understanding simple contracts;
(11) contesting an incorrect billing statement;
(12) savings and investing; and
(13) state and federal laws concerning finance.
HISTORY: 2005 Act No. 38, Section 2, eff April 15, 2005.
Structure South Carolina Code of Laws
Chapter 29 - Subjects Of Instruction
Section 59-29-10. Required subjects.
Section 59-29-15. Teaching cursive writing and multiplication tables required.
Section 59-29-20. Required subjects; nature and effect of alcoholic drinks and narcotics.
Section 59-29-21. Guidelines for career guidance.
Section 59-29-30. Required subjects; Alcohol and Narcotics Education Week.
Section 59-29-35. Home school awareness week; admission opportunities.
Section 59-29-50. Required subjects; traffic laws.
Section 59-29-55. Instruction on Black history.
Section 59-29-60. Required subjects; program of safety instruction.
Section 59-29-70. Required subjects; instruction in fire prevention.
Section 59-29-80. Required subjects; courses in physical education; alternatives; exemptions.
Section 59-29-90. Physical education courses in teacher training colleges.
Section 59-29-110. Instruction in military science and tactics.
Section 59-29-130. Public institutions of higher learning; required instruction; applicability.
Section 59-29-160. Two units of mathematics requisite for graduation.
Section 59-29-165. Instruction in personal finance.
Section 59-29-170. Programs for gifted and talented students.
Section 59-29-179. Identification of higher order thinking and problem solving skills.
Section 59-29-180. Emphasis on higher order problem solving skills.
Section 59-29-181. Selection of tests for statewide testing program.
Section 59-29-182. Review of procedures to assess higher order thinking and problem solving skills.
Section 59-29-183. In-service training programs.
Section 59-29-190. Advanced placement courses for academically talented students.
Section 59-29-200. Pupil-teacher ratios.
Section 59-29-210. Emphasis on teaching as profession.
Section 59-29-220. Arts education curricula.
Section 59-29-230. Old and New Testament era courses.
Section 59-29-240. Civics test required; report.
Section 59-29-410. Development of high school financial literacy programs; areas of instruction.
Section 59-29-430. Incorporation into Academic Standards of Instruction.
Section 59-29-440. South Carolina Financial Literacy Initiative established.
Section 59-29-480. Board membership; terms; vacancies.
Section 59-29-490. Powers and duties.
Section 59-29-500. Employment of Director of the Financial Literacy Office and staff.
Section 59-29-520. Office of South Carolina Financial Literacy established.
Section 59-29-530. Applications for grants; criteria.
Section 59-29-540. Use of grant funds.
Section 59-29-550. Carrying forward funds into following fiscal year.
Section 59-29-560. Disbursement of and accountability for funds; penalties.
Section 59-29-570. Implementation review; grantee participation; reports.