assembly Bill A4772A

2019-2020 Legislative Session

Relates to instruction in financial management

download bill text pdf

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Current Bill Status - In Assembly Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (3)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 13, 2019 print number 4772a
Jun 13, 2019 amend and recommit to education
Feb 05, 2019 referred to education

A4772 - Details

See Senate Version of this Bill:
S4970
Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Add §817, Ed L

A4772 - Summary

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

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

A4772A (ACTIVE) - Details

See Senate Version of this Bill:
S4970
Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Add §817, Ed L

A4772A (ACTIVE) - Summary

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

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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