Directs the State Board of Education (SBOE) to establish a five-year Financial Literacy Elective Course Pilot Program (Program) to be implemented in 10 local school administrative units beginning in the 2017-18 school year. Provides requirements for the course. Directs SBOE to report to the Joint Legislative Education Oversight Committee by November 15 of each year on the implementation and administration of the Program in the pilot units, and provide recommendations for the modification, continuation, and potential expansion of the Program statewide.

Appropriates $500,000 from the General Fund to the Department of Public Instruction for 2017-18 to establish and administer the program.

Effective July 1, 2017.