Agencies | Governor
Virginia Regulatory Town Hall
Department of Education
State Board of Education
Licensure Regulations for School Personnel [8 VAC 20 ‑ 23]
Establish an Add-on Endorsement in the Licensure Regulations for School Personnel (8VAC20-23) to Teach Economics and Personal Finance
General Information
Action Summary The requirement to teach a course in economics and financial literacy to students in the Commonwealth was required by the General Assembly. The 2005 General Assembly approved Senate Bill 950, a bill directing the Virginia Board of Education to "establish objectives for economic education and financial literacy" to be required of all students at the middle and high school levels. As a result of the legislation, Section 22.1–200.03 of the Code of Virginia required the Board of Education to develop and approve objectives for economics education and financial literacy to be required of all students at the middle and high school levels to "further the development of knowledge, skills, and attitudes needed for responsible citizenship in a constitutional democracy." Beginning with students entering ninth grade in fall 2011, one standard unit of credit in Economics and Personal Finance is required for graduation with a Standard or Advanced Studies Diploma. Students may earn this credit by successfully completing the course at any time during their high school career. The course in Economics and Personal Finance is required; however, no specific endorsement was established for educators who were assigned to teach the course.
Chapters Affected Only affects this chapter.
Exempt from APA No, this action is subject to Article 2 of the Administrative Process Act.
RIS Project Yes  [005855]
New Periodic Review This action will not be used to conduct a new periodic review.
Stages associated with this regulatory action.
Stage ID Stage Type Status
8549 NOIRA Stage complete. Comment period ended 06/12/2019.
8987 Proposed Submitted to the Registrar and awaiting publication (02/14/2022).
Contact Information
Name / Title: Mrs. Patty Pitts  / Asst Supt for Teacher Education and Licensure
Address: 101 N. 14th Street
Richmon, VA 23219
Email Address:
Phone: (804)371-2522    FAX: ()-    TDD: ()-