Bill Text: CT HB05490 | 2014 | General Assembly | Comm Sub
Bill Title: An Act Concerning Financial Literacy.
Spectrum:
Status: (Introduced - Dead) 2014-04-29 - File Number 705 [HB05490 Detail]
Download: Connecticut-2014-HB05490-Comm_Sub.html
General Assembly |
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February Session, 2014 |
*_____HB05490APP___042214____* |
AN ACT CONCERNING FINANCIAL LITERACY.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (NEW) (Effective July 1, 2014) (a) The Department of Education, the Board of Regents for Higher Education, and the Board of Trustees for The University of Connecticut, in consultation with the Department of Banking, shall develop a plan to ensure that each student of a public high school or a constituent unit, as defined in section 10a-1 of the general statutes, receives instruction in financial literacy, including, but not limited to, the impact of using credit cards and debit cards. Such instruction shall occur during a student's final year of high school and, for a student of a constituent unit, not later than such student's completion of his or her second semester at such constituent unit.
(b) The Department of Education, the Board of Regents for Higher Education and the Board of Trustees for The University of Connecticut, shall work with the Department of Banking to leverage any available federal, state or private funds to implement the plan developed pursuant to subsection (a) of this section.
(c) Not later than January 1, 2015, the Commissioner of Education, the president of the Board of Regents for Higher Education, the chairperson of the Board of Trustees for The University of Connecticut and the Banking Commissioner shall report to the joint standing committee of the General Assembly having cognizance of matters relating to banks on the plan developed pursuant to subsection (a) of this section.
This act shall take effect as follows and shall amend the following sections: | ||
Section 1 |
July 1, 2014 |
New section |
APP |
Joint Favorable Subst. |