Assembly Actions -
Senate Actions - UPPERCASE
|Jan 08, 2020||
referred to education
|Jan 24, 2019||
referred to education
Senate Bill S2400
2019-2020 Legislative Session
Archive: Last Bill Status - In Senate Committee Education Committee
- In Committee Assembly
- On Floor Calendar Assembly
- Passed Assembly
- Delivered to Governor
- Signed By Governor
2019-S2400 (ACTIVE) - Details
2019-S2400 (ACTIVE) - Sponsor Memo
BILL NUMBER: S2400 SPONSOR: COMRIE TITLE OF BILL: An act to amend the education law, in relation to requiring secondary school students to complete a financial literacy and personal finances course PURPOSE OR GENERAL IDEA OF BILL: Provides that juniors and seniors at secondary schools must take a financial literacy and personal finances course or be given course mate- rials in other already existing classes to better prepare themselves to prudently manage their finances in the future. Such information can be incorporated in already existing classes to reduce any burden placed on requiring additional mandates on the school day. SUMMARY OF SPECIFIC PROVISIONS: Section 1. Education Law Section 305 is amended by adding a new Subdivi-
2019-S2400 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2400 2019-2020 Regular Sessions I N S E N A T E January 24, 2019 ___________ Introduced by Sen. COMRIE -- 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 57 to read as follows: 57. 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. § 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. LBD08695-01-9
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