senate Bill S4970B

2019-2020 Legislative Session

Relates to instruction in financial management

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Education 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 (5)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 14, 2019 print number 4970b
Jun 14, 2019 amend and recommit to education
Apr 10, 2019 print number 4970a
Apr 10, 2019 amend and recommit to education
Apr 03, 2019 referred to education

S4970 - Details

See Assembly Version of this Bill:
A4772
Current Committee:
Senate Education
Law Section:
Education Law
Laws Affected:
Add §817, Ed L

S4970 - Summary

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

S4970 - Sponsor Memo

S4970 - Bill Text download pdf


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

                                  4970

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                              April 3, 2019
                               ___________

Introduced  by  Sen. ADDABBO -- 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 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 SIX 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.
                                                           LBD08573-01-9

S4970A - Details

See Assembly Version of this Bill:
A4772
Current Committee:
Senate Education
Law Section:
Education Law
Laws Affected:
Add §817, Ed L

S4970A - Summary

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

S4970A - Sponsor Memo

S4970A - Bill Text download pdf


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

                                 4970--A

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                              April 3, 2019
                               ___________

Introduced  by  Sen. ADDABBO -- read twice and ordered printed, and when
  printed to be committed 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 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.
                                                           LBD08573-03-9

S4970B (ACTIVE) - Details

See Assembly Version of this Bill:
A4772
Current Committee:
Senate Education
Law Section:
Education Law
Laws Affected:
Add §817, Ed L

S4970B (ACTIVE) - Summary

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

S4970B (ACTIVE) - Sponsor Memo

S4970B (ACTIVE) - Bill Text download pdf


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

                                 4970--B

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                              April 3, 2019
                               ___________

Introduced  by  Sen. ADDABBO -- read twice and ordered printed, and when
  printed to be committed to the Committee  on  Education  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to  said  committee  --  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.

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