Fla. Stat. 17.68
Financial Literacy Program for Individuals with Developmental Disabilities
(1)
The Legislature finds that the state has a compelling interest in promoting the economic independence and successful employment of individuals with developmental disabilities as defined in s. 393.063. In comparison with the general population, individuals with developmental disabilities experience lower rates of educational achievement, employment, and annual earnings and are more likely to live in poverty. Additionally, such individuals must navigate a complex network of federal and state programs in order to be eligible for financial and health benefits. Thus, it is essential that these individuals have sufficient financial management knowledge and skills to effectively participate in benefit eligibility determination processes and make informed decisions regarding financial services and products provided by financial institutions. Enhancing the financial literacy of such individuals will provide a pathway for economic independence and successful employment.(2)
The Financial Literacy Program for Individuals with Developmental Disabilities is established within the Department of Financial Services. The department, in consultation with public and private stakeholders, shall develop and implement the program, which must be designed to promote the economic independence and successful employment of individuals with developmental disabilities. Banks, credit unions, savings associations, and savings banks will be key participants in the development and promotion of the program, which must provide information, resources, outreach, and education in the following areas:For individuals with developmental disabilities:Financial education, including instruction on money management skills and the effective use of financial services and products, to promote income preservation and asset development.
Identification of available financial and health benefit programs and services.
Job training programs and employment opportunities, including work incentives and state and local workforce development programs.
The impact of earnings and assets on eligibility for federal and state financial and health benefit programs, and options to manage such impact.
For employers in this state, strategies to make program information and educational materials available to their employees with developmental disabilities.(a)
For individuals with developmental disabilities:Financial education, including instruction on money management skills and the effective use of financial services and products, to promote income preservation and asset development.Identification of available financial and health benefit programs and services.Job training programs and employment opportunities, including work incentives and state and local workforce development programs.The impact of earnings and assets on eligibility for federal and state financial and health benefit programs, and options to manage such impact.(b)
For employers in this state, strategies to make program information and educational materials available to their employees with developmental disabilities.(3)
Effective October 1, 2016, the department shall:Establish on its website a clearinghouse for information regarding the program and other resources available for individuals with developmental disabilities and their employers.Publish a brochure describing the program, which is also accessible on its website.(a)
Establish on its website a clearinghouse for information regarding the program and other resources available for individuals with developmental disabilities and their employers.(b)
Publish a brochure describing the program, which is also accessible on its website.(4)
Within 90 days after the department establishes the website clearinghouse and publishes the brochure, each bank, credit union, savings association, and savings bank that is a qualified public depository as defined in s. 280.02 shall:Make copies of the department’s brochures available, upon the request of the consumer, at its principal place of business and each branch office located in this state which has in-person teller services by having copies of the brochure available or having the capability to print a copy of the brochure from the department’s website. Upon request, the department shall provide copies of the brochure to a bank, credit union, savings association, or savings bank.Provide on its website a hyperlink to the department’s website clearinghouse. If the department changes the website address for the clearinghouse, the bank, credit union, savings association, or savings bank must update the hyperlink within 90 days after notification by the department of such change.(a)
Make copies of the department’s brochures available, upon the request of the consumer, at its principal place of business and each branch office located in this state which has in-person teller services by having copies of the brochure available or having the capability to print a copy of the brochure from the department’s website. Upon request, the department shall provide copies of the brochure to a bank, credit union, savings association, or savings bank.(b)
Provide on its website a hyperlink to the department’s website clearinghouse. If the department changes the website address for the clearinghouse, the bank, credit union, savings association, or savings bank must update the hyperlink within 90 days after notification by the department of such change.(5)
A participating qualified public depository is not subject to civil liability arising from the distribution or nondistribution of the brochure or program website information. The contents of the brochure or the program website information may not be attributed to a participating qualified public depository by virtue of its distribution, and do not constitute financial or investment advice by, nor create a fiduciary duty on, the participating qualified public depository to the recipient.
Source:
Section 17.68 — Financial Literacy Program for Individuals with Developmental Disabilities, https://www.flsenate.gov/Laws/Statutes/2024/0017.68 (accessed Aug. 7, 2025).