|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2020||referred to education|
|Feb 27, 2019||referred to education|
senate Bill S4077
Archive: Last Bill Status - In Senate Committee Education Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S4077 (ACTIVE) - Details
S4077 (ACTIVE) - Summary
Relates to establishing instruction in financial literacy for students in sixth through eighth grade; requires such instruction to include content on budgeting, savings, credit, debt, insurance, investment, and other issues associated with personal financial responsibility as determined by the education department.
S4077 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4077 SPONSOR: JACKSON TITLE OF BILL: An act to amend the education law, in relation to establishing instruction in financial literacy for students in sixth through eighth grade PURPOSE: Relates to establishing instruction in financial literacy for students in sixth through eighth grade. SUMMARY OF PROVISIONS: New section added JUSTIFICATION: To provide middle school students with the basic financial literacy necessary for sound financial decision-making.
S4077 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4077 2019-2020 Regular Sessions I N S E N A T E February 27, 2019 ___________ Introduced by Sens. JACKSON, BRESLIN, SALAZAR, SEPULVEDA, THOMAS -- 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 establishing instruc- tion in financial literacy for students in sixth through eighth grade 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 803-b to read as follows: § 803-B. INSTRUCTION RELATING TO FINANCIAL LITERACY. 1. THE DEPARTMENT SHALL REQUIRE THAT A SCHOOL DISTRICT INCORPORATE IN EACH OF THE GRADES SIX THROUGH EIGHT FINANCIAL LITERACY INSTRUCTION FOR PUPILS ENROLLED IN SUCH GRADES. THE PURPOSE OF SUCH INSTRUCTION SHALL BE TO PROVIDE MIDDLE SCHOOL STUDENTS WITH THE BASIC FINANCIAL LITERACY NECESSARY FOR SOUND FINANCIAL DECISION-MAKING. 2. THE INSTRUCTION SHALL MEET THE REQUIREMENTS ESTABLISHED BY THE DEPARTMENT AND SHALL: A. BE APPROPRIATE TO, AND REFLECT THE AGE AND COMPREHENSION OF, THE STUDENTS ENROLLED IN THE PARTICULAR GRADE LEVEL; AND B. INCLUDE CONTENT ON BUDGETING, SAVINGS, CREDIT, DEBT, INSURANCE, INVESTMENT, AND OTHER ISSUES ASSOCIATED WITH PERSONAL FINANCIAL RESPON- SIBILITY AS DETERMINED BY THE DEPARTMENT. 3. THE COMMISSIONER SHALL PROVIDE SCHOOL DISTRICTS WITH SAMPLE INSTRUCTIONAL MATERIALS AND RESOURCES THAT MAY BE USED TO SUPPORT THE IMPLEMENTATION OF THE FINANCIAL LITERACY INSTRUCTION REQUIREMENT. § 2. This act shall take effect immediately and shall apply to all school years commencing on or after the first of July next succeeding the date upon which it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06748-01-9
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