Bill Text: NY S04970 | 2019-2020 | General Assembly | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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

Spectrum: Slight Partisan Bill (Democrat 3-1)

Status: (Introduced - Dead) 2020-01-08 - REFERRED TO EDUCATION [S04970 Detail]

Download: New_York-2019-S04970-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         4970--A
                               2019-2020 Regular Sessions
                    IN SENATE
                                      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:
     1    Section 1. The education law is amended by adding a new section 817 to
     2  read as follows:
     3    §  817.  Courses  of  study  in  financial  management.  1. All school
     4  districts in the state shall provide, to pupils in grades  four  through
     5  eight,  instruction  in  financial management including, but not limited
     6  to, basic financial literacy necessary for sound financial decision-mak-
     7  ing, budgeting, savings, credit, debt, insurance, investment, and  other
     8  issues associated with personal financial responsibility.
     9    2. The commissioner shall provide technical assistance in the develop-
    10  ment of curricula for such courses of study which shall be age appropri-
    11  ate  and  developed  according  to  the needs and abilities of pupils at
    12  successive grade levels  in  order  to  provide  pupils  with  financial
    13  management skills.
    14    §  2.  This act shall take effect on the first of July next succeeding
    15  the date on which it shall have become a law. Effective immediately, the
    16  addition, amendment and/or repeal of any rule  or  regulation  necessary
    17  for  the implementation of this act on its effective date are authorized
    18  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