Page:United States Statutes at Large Volume 115 Part 2.djvu/864

 115 STAT. 1848 PUBLIC LAW 107-110-JAN. 8, 2002 Excellence in Economic Education Act of 2001. 20 USC 7267. 20 USC 7267a. "(3) For internship and apprenticeship programs (including the Museum Action Corps of the Peabody-Essex Museum), not less than $1,000,000 each to— "(A) the Alaska Native Heritage Center in Alaska; "(B) the Bishop Museum in Hawaii; and "(C) the Peabody-Essex Museum in Massachusetts. 20 USC 7265e. "SEC. 5526. DEFINITIONS. "In this subpart: "(1) ALASKA NATIVE.— The term 'Alaska Native' has the meaning given that term in section 7306. "(2) NATIVE HAWAIIAN. —The term 'Native Hawaiian' has the meaning given that term in section 7207. "Subpart 13—Excellence in Economic Education "SEC. 5531. SHORT TITLE. "This subpart may be cited as the 'Excellence in Economic Education Act of 2001'. "SEC. 5532. PURPOSE AND GOALS. "(a) PURPOSE. — The purpose of this subpart is to promote economic and financial literacy among all students in kindergarten through grade 12 by awarding a competitive grant to a national nonprofit educational organization that has as its primary purpose the improvement of the quality of student understanding of personal finance and economics. "(b) OBJECTIVES. —The objectives of this subpart are the following: "(1) To increase students' knowledge of, and achievement in, economics to enable the students to become more productive and informed citizens. "(2) To strengthen teachers' understanding of, and competency in, economics to enable the teachers to increase student mastery of economic principles and the practical application of those principles. "(3) To encourage economic education research and development, to disseminate effective instructional materials, and to promote replication of best practices and exemplary programs that foster economic literacy. "(4) To assist States in measuring the impact of education in economics. "(5) To leverage and expand private and public support for economic education partnerships at national, State, and local levels. 20 USC 7267b. "SEC. 5533. GRANT PROGRAM AUTHORIZED. "(a) AUTHORIZATION.—The Secretary is authorized to award a competitive grant to a national nonprofit educational organization that has as its primary purpose the improvement of the quality of student understanding of personal finance and economics through effective teaching of economics in the Nation's classrooms (referred to in this subpart as the 'grantee'). "(b) USES OF FUNDS.— "(1) DIRECT ACTIVITIES.—The grantee shall use 25 percent of the funds made available through the grant for a fiscal year—

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