Assembly Bill A9802

2011-2012 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

Sponsored By

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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2011-A9802 (ACTIVE) - Details

See Senate Version of this Bill:
S1525
Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Amd ยง305, Ed L
Versions Introduced in Other Legislative Sessions:
2009-2010: S6345
2013-2014: A4142, A1505, S3040
2015-2016: A9238, S2899
2017-2018: A4620, S8460
2019-2020: A4684, S2400
2021-2022: S5827
2023-2024: S4860

2011-A9802 (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.

2011-A9802 (ACTIVE) - Bill Text download pdf 

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

                                  9802

                          I N  A S S E M B L Y

                             April 10, 2012
                               ___________

Introduced  by  M.  of  A.  HEASTIE, P. RIVERA, BOYLAND, CRESPO, JAFFEE,
  REILLY, ROBINSON, BRAUNSTEIN, CASTRO -- Multi-Sponsored by -- M. of A.
  ARROYO, DINOWITZ, MILLMAN, THIELE -- read once  and  referred  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:

  Section 1. Section 305 of the education law is amended by adding a new
subdivision 43 to read as follows:
  43. 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.
                                                           LBD04989-03-2

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