(A) Except as provided in division (F) of this section, beginning with the 2024-2025 school year, a school district shall require an individual to have an educator license validation in financial literacy to provide financial literacy instruction under division (C)(9) of section 3313.603 of the Revised Code.

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(B) To obtain a license validation in financial literacy, an individual shall hold a valid educator license issued under section 3319.22 or 3319.26 of the Revised Code or a permanent teaching certificate issued under former law and meet additional requirements adopted under rules by the state board of education.

(C) Prior to adopting rules under division (B) of this section, the state board shall establish and consult with an advisory committee of at least four classroom teachers and one expert in financial literacy instruction for classroom teachers. The classroom teachers shall include a representative of each of the following:

(1) The Ohio council of teachers of mathematics;

(2) The Ohio council for the social studies;

(3) The Ohio business educators association;

(4) The Ohio association of teachers of family and consumer sciences.

(D) Each district shall pay for any costs necessary for an individual employed by the district who is required under division (A) of this section to meet the additional requirements adopted by the state board under division (B) of this section. The district may seek reimbursement from the department of education for those costs under section 3319.239 of the Revised Code.

(E) This section does not apply to any chartered nonpublic school.

(F) A classroom teacher who holds a valid educator license or endorsement that is required to provide instruction in social studies, family and consumer sciences, or business education shall not be required to have a validation prescribed under this section to provide financial literacy instruction under division (C)(9) of section 3313.603 of the Revised Code. A teacher to which this division applies may obtain the validation described in division (A) of this section at the district’s expense.