Bill Text: NY S01525 | 2011-2012 | General Assembly | Introduced

New York Senate Bill 1525 (Prior Session Legislation)

Bill Title: Provides that juniors and seniors at secondary schools and students at the state and city universities of New York must take a financial literacy course.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2012-01-26 - PRINT NUMBER 1525A [S01525 Detail]

Download: New_York-2011-S01525-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         1525
                              2011-2012 Regular Sessions
                                   I N  S E N A T E
                                   January 10, 2011
                                      ___________
       Introduced  by  Sen.  KLEIN  -- 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 that second-
         ary school students and students enrolled at the state  university  of
         New  York  or  the  city  university  of New York complete a financial
         literacy course
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 305 of the education law is amended by adding a new
    2  subdivision 42 to read as follows:
    3    42. THE COMMISSIONER IS AUTHORIZED AND DIRECTED TO DEVELOP A COURSE OR
    4  COURSES  IN  FINANCIAL  LITERACY  AND REQUIRE THAT A COURSE IN FINANCIAL
    5  LITERACY BE COMPLETED BY JUNIORS OR SENIORS  IN  SECONDARY  SCHOOLS  AND
    6  STUDENTS  ENROLLED  AT  THE  STATE  UNIVERSITY  OF  NEW YORK OR THE CITY
    7  UNIVERSITY OF NEW YORK IN ORDER TO GRADUATE. THE COURSE  SHALL  INCLUDE,
    8  BUT  SHALL  NOT  BE LIMITED TO INSTRUCTION ON OBTAINING AND USING CREDIT
    9  AND CREDIT CARDS, INVESTING, SAVING AND PLANNING FOR RETIREMENT.
   10    S 2. This act shall take effect immediately and  the  commissioner  of
   11  education  is  immediately  authorized and directed to promulgate, amend
   12  and/or repeal any rules  and  regulations  necessary  to  implement  the
   13  provisions of this act on its effective date.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD04989-01-1