Assembly Bill A5506

2009-2010 Legislative Session

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

download bill text pdf

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Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2009-A5506 (ACTIVE) - Details

See Senate Version of this Bill:
S6345
Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Amd ยง305, Ed L
Versions Introduced in Other Legislative Sessions:
2011-2012: S1525
2013-2014: S3040
2015-2016: S2899
2017-2018: S8460
2019-2020: S2400
2021-2022: S5827
2023-2024: S4860

2009-A5506 (ACTIVE) - Summary

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.

2009-A5506 (ACTIVE) - Bill Text download pdf 

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

                                  5506

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            February 13, 2009
                               ___________

Introduced  by M. of A. BOYLAND -- read once and referred to the Commit-
  tee 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:

  Section 1. Section 305 of the education law is amended by adding a new
subdivision 42 to read as follows:
  42. THE COMMISSIONER IS AUTHORIZED AND DIRECTED TO DEVELOP A COURSE OR
COURSES  IN  FINANCIAL  LITERACY  AND REQUIRE THAT A COURSE IN FINANCIAL
LITERACY BE COMPLETED BY JUNIORS OR SENIORS  IN  SECONDARY  SCHOOLS  AND
STUDENTS  ENROLLED  AT  THE  STATE  UNIVERSITY  OF  NEW YORK OR THE CITY
UNIVERSITY OF NEW YORK IN ORDER TO GRADUATE. THE COURSE  SHALL  INCLUDE,
BUT  SHALL  NOT  BE LIMITED TO INSTRUCTION ON OBTAINING AND USING CREDIT
AND CREDIT CARDS, INVESTING, SAVING, AND PLANNING FOR RETIREMENT.
  S 2. This act shall take effect immediately and  the  commissioner  of
education  is  immediately  authorized and directed to promulgate, amend
and/or repeal any rules  and  regulations  necessary  to  implement  the
provisions of this act on its effective date.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08905-01-9

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