The State Board of Education and local boards of trustees may establish a special fund in which to receive public appropriations and private contributions to provide financial incentives to be used to:

1. (1) defray the costs of financial literacy training for teachers;
2. (2) reward a school or teacher who wins or achieves results at a certain level of success in a financial literacy competition;
3. (3) reward a student who wins or achieves results at a certain level of success in a financial literacy competition;
4. (4) fund activities including books, games, field trips, computers, or other activities related to financial literacy education.