Bill Text: TX SB686 | 2019-2020 | 86th Legislature | Comm Sub


Bill Title: Relating to personal financial literacy courses for high school students in public schools.

Spectrum: Slight Partisan Bill (Democrat 21-11)

Status: (Engrossed) 2019-05-16 - Committee report sent to Calendars [SB686 Detail]

Download: Texas-2019-SB686-Comm_Sub.html
  86R33134 MEW-D
 
  By: Alvarado, et al. S.B. No. 686
 
  (Goodwin, Talarico, Beckley, Capriglione, et al.)
 
  Substitute the following for S.B. No. 686:  No.
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to personal financial literacy courses for high school
  students in public schools.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 28.0021, Education Code, is amended by
  amending Subsection (b) and adding Subsection (c) to read as
  follows:
         (b)  Each school district and each open-enrollment charter
  school that offers a high school program shall provide a [an
  elective] course in personal financial literacy that meets the
  requirements for [a one-half elective] credit under Section 28.025,
  using materials approved by the State Board of Education.  The
  course may be offered as a distinct course in personal financial
  literacy or as an elective course or existing course that includes
  instruction in personal financial literacy sufficient to meet the
  requirements for one-half credit under Section 28.025(b-1)(4).  The
  instruction in personal financial literacy must include
  instruction on:
               (1)  completing the application for federal student aid
  provided by the United States Department of Education;
               (2)  the financial consequences of failing to make
  timely student loan payments;
               (3)  the effect of student loan debt on a person's
  finances; and
               (4)  the circumstances in which student loans are
  dischargeable in bankruptcy.
         (c)  In fulfilling the requirement to provide financial
  literacy instruction under this section, a school district or
  open-enrollment charter school may use an existing state, federal,
  private, or nonprofit program that provides students without charge
  the instruction described under this section.
         SECTION 2.  Section 28.025(b-1), Education Code, is amended
  to read as follows:
         (b-1)  The State Board of Education by rule shall require
  that the curriculum requirements for the foundation high school
  program under Subsection (a) include a requirement that students
  successfully complete:
               (1)  four credits in English language arts under
  Section 28.002(a)(1)(A), including one credit in English I, one
  credit in English II, one credit in English III, and one credit in
  an advanced English course authorized under Subsection (b-2);
               (2)  three credits in mathematics under Section
  28.002(a)(1)(B), including one credit in Algebra I, one credit in
  geometry, and one credit in any advanced mathematics course
  authorized under Subsection (b-2);
               (3)  three credits in science under Section
  28.002(a)(1)(C), including one credit in biology, one credit in any
  advanced science course authorized under Subsection (b-2), and one
  credit in integrated physics and chemistry or in an additional
  advanced science course authorized under Subsection (b-2);
               (4)  three credits in social studies under Section
  28.002(a)(1)(D), including one credit in United States history, at
  least one-half credit in government and at least one-half credit in 
  economics or personal financial literacy, and one credit in world
  geography or world history;
               (5)  except as provided under Subsections (b-12),
  (b-13), and (b-14), two credits in the same language in a language
  other than English under Section 28.002(a)(2)(A);
               (6)  five elective credits;
               (7)  one credit in fine arts under Section
  28.002(a)(2)(D); and
               (8)  except as provided by Subsection (b-11), one
  credit in physical education under Section 28.002(a)(2)(C).
         SECTION 3.  This Act takes effect immediately if it receives
  a vote of two-thirds of all the members elected to each house, as
  provided by Section 39, Article III, Texas Constitution.  If this
  Act does not receive the vote necessary for immediate effect, this
  Act takes effect September 1, 2019.
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