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Senate Bill S1525

2011-2012 Legislative Session

Provides that juniors and seniors at secondary schools and students at the state and city universities of New York must take a financial literacy course

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Archive: Last Bill Status - In Senate Committee Education Committee

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Bill Amendments

2011-S1525 - Details

Current Committee:
Senate Education
Law Section:
Education Law
Laws Affected:
Amd §305, Ed L
Versions Introduced in Other Legislative Sessions:
2009-2010: S6345
2013-2014: S3040
2015-2016: S2899
2017-2018: S8460
2019-2020: S2400
2021-2022: S5827
2023-2024: S4860
2025-2026: S94

2011-S1525 - Summary

Provides that juniors and seniors at secondary schools and students at the state and city universities of New York must take a financial literacy course.

2011-S1525 - Sponsor Memo

2011-S1525 - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  1525

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            January 10, 2011
                               ___________

Introduced  by  Sen.  KLEIN  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Education

AN ACT to amend the education law, in relation to requiring that second-
  ary school students and students enrolled at the state  university  of
  New  York  or  the  city  university  of New York complete a financial
  literacy course

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 305 of the education law is amended by adding a new
subdivision 42 to read as follows:
  42. THE COMMISSIONER IS AUTHORIZED AND DIRECTED TO DEVELOP A COURSE OR
COURSES  IN  FINANCIAL  LITERACY  AND REQUIRE THAT A COURSE IN FINANCIAL
LITERACY BE COMPLETED BY JUNIORS OR SENIORS  IN  SECONDARY  SCHOOLS  AND
STUDENTS  ENROLLED  AT  THE  STATE  UNIVERSITY  OF  NEW YORK OR THE CITY
UNIVERSITY OF NEW YORK IN ORDER TO GRADUATE. THE COURSE  SHALL  INCLUDE,
BUT  SHALL  NOT  BE LIMITED TO INSTRUCTION ON OBTAINING AND USING CREDIT
AND CREDIT CARDS, INVESTING, SAVING AND PLANNING FOR RETIREMENT.
  S 2. This act shall take effect immediately and  the  commissioner  of
education  is  immediately  authorized and directed to promulgate, amend
and/or repeal any rules  and  regulations  necessary  to  implement  the
provisions of this act on its effective date.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04989-01-1


              

2011-S1525A (ACTIVE) - Details

Current Committee:
Senate Education
Law Section:
Education Law
Laws Affected:
Amd §305, Ed L
Versions Introduced in Other Legislative Sessions:
2009-2010: S6345
2013-2014: S3040
2015-2016: S2899
2017-2018: S8460
2019-2020: S2400
2021-2022: S5827
2023-2024: S4860
2025-2026: S94

2011-S1525A (ACTIVE) - Summary

Provides that juniors and seniors at secondary schools and students at the state and city universities of New York must take a financial literacy course.

2011-S1525A (ACTIVE) - Sponsor Memo

2011-S1525A (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 1525--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            January 10, 2011
                               ___________

Introduced  by  Sen.  KLEIN  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Education  --  recommitted
  to the Committee on Education in accordance with Senate Rule 6, sec. 8
  --  committee  discharged,  bill amended, ordered reprinted as amended
  and recommitted to said committee

AN ACT to amend the education law, in relation to requiring that second-
  ary school students and students enrolled at the state  university  of
  New  York  or  the  city  university  of New York complete a financial
  literacy course

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 305 of the education law is amended by adding a new
subdivision 43 to read as follows:
  43. THE COMMISSIONER IS AUTHORIZED AND DIRECTED TO DEVELOP A COURSE OR
COURSES  IN  FINANCIAL  LITERACY  AND REQUIRE THAT A COURSE IN FINANCIAL
LITERACY BE COMPLETED BY JUNIORS OR SENIORS  IN  SECONDARY  SCHOOLS  AND
STUDENTS  ENROLLED  AT  THE  STATE  UNIVERSITY  OF  NEW YORK OR THE CITY
UNIVERSITY OF NEW YORK IN ORDER TO GRADUATE. THE COURSE  SHALL  INCLUDE,
BUT  SHALL  NOT  BE LIMITED TO INSTRUCTION ON OBTAINING AND USING CREDIT
AND CREDIT CARDS, INVESTING, SAVING AND PLANNING FOR RETIREMENT.
  S 2. This act shall take effect immediately and  the  commissioner  of
education  is  immediately  authorized and directed to promulgate, amend
and/or repeal any rules  and  regulations  necessary  to  implement  the
provisions of this act on its effective date.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04989-02-2


              

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