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Senate Bill S3040A

2013-2014 Legislative Session

Provides that juniors and seniors at secondary schools must take a financial literacy and personal finances course

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Archive: Last Bill Status - In Senate Committee Education Committee

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Bill Amendments

2013-S3040 - Details

See Assembly Version of this Bill:
A4142
Current Committee:
Senate Education
Law Section:
Education Law
Laws Affected:
Amd §305, Ed L
Versions Introduced in Other Legislative Sessions:
2009-2010: S6345
2011-2012: S1525, A9802
2015-2016: S2899, A9238
2017-2018: S8460, A4620
2019-2020: S2400, A4684
2021-2022: S5827
2023-2024: S4860
2025-2026: S94

2013-S3040 - Summary

Provides that juniors and seniors at secondary schools must take a financial literacy and personal finances course.

2013-S3040 - Sponsor Memo

2013-S3040 - Bill Text download pdf 

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

                                  3040

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 29, 2013
                               ___________

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  secondary
  school students to complete a financial literacy and personal finances
  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  CONCISE
COURSE  OF  INSTRUCTION IN FINANCIAL LITERACY AND PERSONAL FINANCES, AND
REQUIRE THAT SUCH COURSE BE COMPLETED BY PUPILS  IN  GRADES  ELEVEN  AND
TWELVE.  SUCH COURSE OF INSTRUCTION MAY BE INCORPORATED INTO OTHER CLASS
WORK OR COURSES OF INSTRUCTION PROVIDED TO SUCH PUPILS.   THE  FINANCIAL
LITERACY  COURSE  MAY INCLUDE, BUT NEED NOT BE LIMITED TO INSTRUCTION ON
USING CHECKING AND SAVINGS ACCOUNTS, OBTAINING SHORT OR LONG TERM  CRED-
IT,  SECURING  A  LOAN  FOR HIGH COST ITEMS SUCH AS A MOTOR VEHICLE OR A
HOME, OBTAINING AND USING CREDIT AND DEBIT CARDS, INVESTING  AND  SAVING
MONEY, AND PLANNING FOR RETIREMENT.
  S  2.  This  act  shall  take  effect on the first of September in the
calendar year commencing after the date it shall have become a law;  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.
                                                           LBD07708-01-3

2013-S3040A (ACTIVE) - Details

See Assembly Version of this Bill:
A4142
Current Committee:
Senate Education
Law Section:
Education Law
Laws Affected:
Amd §305, Ed L
Versions Introduced in Other Legislative Sessions:
2009-2010: S6345
2011-2012: S1525, A9802
2015-2016: S2899, A9238
2017-2018: S8460, A4620
2019-2020: S2400, A4684
2021-2022: S5827
2023-2024: S4860
2025-2026: S94

2013-S3040A (ACTIVE) - Summary

Provides that juniors and seniors at secondary schools must take a financial literacy and personal finances course.

2013-S3040A (ACTIVE) - Sponsor Memo

2013-S3040A (ACTIVE) - Bill Text download pdf 

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

                                 3040--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 29, 2013
                               ___________

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  secondary
  school students to complete a financial literacy and personal finances
  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 44 to read as follows:
  44. THE COMMISSIONER IS AUTHORIZED AND DIRECTED TO DEVELOP  A  CONCISE
COURSE  OF  INSTRUCTION IN FINANCIAL LITERACY AND PERSONAL FINANCES, AND
REQUIRE THAT SUCH COURSE BE COMPLETED BY PUPILS  IN  GRADES  ELEVEN  AND
TWELVE.  SUCH COURSE OF INSTRUCTION MAY BE INCORPORATED INTO OTHER CLASS
WORK OR COURSES OF INSTRUCTION PROVIDED TO SUCH PUPILS.   THE  FINANCIAL
LITERACY  COURSE  MAY INCLUDE, BUT NEED NOT BE LIMITED TO INSTRUCTION ON
USING CHECKING AND SAVINGS ACCOUNTS, OBTAINING SHORT OR LONG TERM  CRED-
IT,  SECURING  A  LOAN  FOR HIGH COST ITEMS SUCH AS A MOTOR VEHICLE OR A
HOME, OBTAINING AND USING CREDIT AND DEBIT CARDS, INVESTING  AND  SAVING
MONEY, AND PLANNING FOR RETIREMENT.
  S  2.  This  act  shall  take  effect on the first of September in the
calendar year commencing after the date it shall have become a law;  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.
                                                           LBD07708-02-4

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