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Assembly Bill A4772A

2019-2020 Legislative Session

Relates to instruction in financial management

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Archive: Last Bill Status - In Assembly Committee

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Bill Amendments

2019-A4772 - Details

See Senate Version of this Bill:
S4970
Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Add §817, Ed L
Versions Introduced in Other Legislative Sessions:
2021-2022: A329, S353
2023-2024: A2937, S1810
2025-2026: A96, S1272

2019-A4772 - Summary

Requires instruction in financial management for all students in grades four through eight.

2019-A4772 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4772
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 5, 2019
                                ___________
 
 Introduced  by  M.  of A. PHEFFER AMATO -- read once and referred to the
   Committee on Education
 
 AN ACT to amend the education law, in relation to instruction in  finan-
   cial management
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. The education law is amended by adding a new section 817 to
 read as follows:
   § 817. COURSES  OF  STUDY  IN  FINANCIAL  MANAGEMENT.  1.  ALL  SCHOOL
 DISTRICTS  IN  THE STATE SHALL PROVIDE, TO PUPILS IN GRADES FOUR THROUGH
 EIGHT, INSTRUCTION IN FINANCIAL MANAGEMENT INCLUDING,  BUT  NOT  LIMITED
 TO, BASIC FINANCIAL LITERACY NECESSARY FOR SOUND FINANCIAL DECISION-MAK-
 ING,  BUDGETING, SAVINGS, CREDIT, DEBT, INSURANCE, INVESTMENT, AND OTHER
 ISSUES ASSOCIATED WITH PERSONAL FINANCIAL RESPONSIBILITY.
   2. THE COMMISSIONER SHALL PROVIDE TECHNICAL ASSISTANCE IN THE DEVELOP-
 MENT OF CURRICULA FOR SUCH COURSES OF STUDY WHICH SHALL BE AGE APPROPRI-
 ATE AND DEVELOPED ACCORDING TO THE NEEDS  AND  ABILITIES  OF  PUPILS  AT
 SUCCESSIVE  GRADE  LEVELS  IN  ORDER  TO  PROVIDE  PUPILS WITH FINANCIAL
 MANAGEMENT SKILLS.
   § 2. This act shall take effect on the first of July  next  succeeding
 the date on which it shall have become a law. Effective immediately, the
 addition,  amendment  and/or  repeal of any rule or regulation necessary
 for the implementation of this act on its effective date are  authorized
 to be made and completed on or before such effective date.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08573-02-9

2019-A4772A (ACTIVE) - Details

See Senate Version of this Bill:
S4970
Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Add §817, Ed L
Versions Introduced in Other Legislative Sessions:
2021-2022: A329, S353
2023-2024: A2937, S1810
2025-2026: A96, S1272

2019-A4772A (ACTIVE) - Summary

Requires instruction in financial management for all students in grades four through eight.

2019-A4772A (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  4772--A
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 5, 2019
                                ___________
 
 Introduced  by  M.  of A. PHEFFER AMATO -- read once and referred to the
   Committee on Education -- committee discharged, bill amended,  ordered
   reprinted as amended and recommitted to said committee
 
 AN  ACT to amend the education law, in relation to instruction in finan-
   cial management

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The education law is amended by adding a new section 817 to
 read as follows:
   §  817.  COURSES  OF  STUDY  IN  FINANCIAL  MANAGEMENT.  1. ALL SCHOOL
 DISTRICTS IN THE STATE SHALL BE AUTHORIZED  TO  PROVIDE,  TO  PUPILS  IN
 GRADES  FOUR  THROUGH EIGHT, INSTRUCTION IN FINANCIAL MANAGEMENT INCLUD-
 ING, BUT NOT LIMITED TO, BASIC FINANCIAL LITERACY  NECESSARY  FOR  SOUND
 FINANCIAL  DECISION-MAKING, BUDGETING, SAVINGS, CREDIT, DEBT, INSURANCE,
 INVESTMENT, AND OTHER ISSUES ASSOCIATED WITH PERSONAL FINANCIAL  RESPON-
 SIBILITY.  THE  COMMISSIONER  SHALL  ESTABLISH AND DEFINE SUCH FINANCIAL
 MANAGEMENT PROGRAM IN REGULATIONS. NOTHING IN THIS SECTION SHALL PREVENT
 THE DEPARTMENT FROM  MAKING  MODEL  CURRICULUM  AND  RESOURCE  MATERIALS
 AVAILABLE ON THE DEPARTMENT'S WEBSITE.
   2. THE COMMISSIONER SHALL PROVIDE TECHNICAL ASSISTANCE IN THE DEVELOP-
 MENT OF CURRICULA FOR SUCH COURSES OF STUDY WHICH SHALL BE AGE APPROPRI-
 ATE  AND  DEVELOPED  ACCORDING  TO  THE NEEDS AND ABILITIES OF PUPILS AT
 SUCCESSIVE GRADE LEVELS  IN  ORDER  TO  PROVIDE  PUPILS  WITH  FINANCIAL
 MANAGEMENT SKILLS.
   §  2.  This act shall take effect on the first of July next succeeding
 the date on which it shall have become a law. Effective immediately, the
 addition, amendment and/or repeal of any rule  or  regulation  necessary
 for  the implementation of this act on its effective date are authorized
 to be made and completed on or before such effective date.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08573-05-9

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