Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 06, 2014 |
print number 3040a |
Feb 06, 2014 |
amend and recommit to education |
Jan 08, 2014 |
referred to education |
Jan 29, 2013 |
referred to education |
Senate Bill S3040A
2013-2014 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Education 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
Actions
Bill Amendments
2013-S3040 - Details
- See Assembly Version of this Bill:
- A4142
- Current Committee:
- Senate Education
- Law Section:
- Education Law
- Laws Affected:
- Amd §305, Ed L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S6345
2011-2012: S1525, A9802
2015-2016: S2899, A9238
2017-2018: S8460, A4620
2019-2020: S2400, A4684
2021-2022: S5827
2023-2024: S4860
2025-2026: S94
2013-S3040 - Sponsor Memo
BILL NUMBER:S3040 TITLE OF BILL: An act to amend the education law, in relation to requiring secondary school students to complete a financial literacy and personal finances course PURPOSE OR GENERAL IDEA OF BILL: Provides that juniors and seniors at secondary schools must take a financial literacy and personal finances course to better prepare themselves to prudently manage their finances in the future. SUMMARY OF SPECIFIC PROVISIONS: Section 1. Education Law Section 305 is amended by adding a new subdivi- sion 43 to authorize the Commissioner of Education to develop a course or courses in financial literacy and personal finances. Such course in financial literacy shall be completed by juniors or seniors in secondary schools. The course shall include, but need not be limited to, instruc- tion on obtaining and using checking, debit and savings accounts, under- standing the use of credit and credit cards for both large and small purchases, investing, saving, and planning for retirement. Section 2: Effective Date JUSTIFICATION: In certain instances, the lack of financial literacy and a working knowledge about personal finances may lead many unsuspecting
2013-S3040 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3040 2013-2014 Regular Sessions I N S E N A T E January 29, 2013 ___________ 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 secondary school students to complete a financial literacy and personal finances 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 CONCISE COURSE OF INSTRUCTION IN FINANCIAL LITERACY AND PERSONAL FINANCES, AND REQUIRE THAT SUCH COURSE BE COMPLETED BY PUPILS IN GRADES ELEVEN AND TWELVE. SUCH COURSE OF INSTRUCTION MAY BE INCORPORATED INTO OTHER CLASS WORK OR COURSES OF INSTRUCTION PROVIDED TO SUCH PUPILS. THE FINANCIAL LITERACY COURSE MAY INCLUDE, BUT NEED NOT BE LIMITED TO INSTRUCTION ON USING CHECKING AND SAVINGS ACCOUNTS, OBTAINING SHORT OR LONG TERM CRED- IT, SECURING A LOAN FOR HIGH COST ITEMS SUCH AS A MOTOR VEHICLE OR A HOME, OBTAINING AND USING CREDIT AND DEBIT CARDS, INVESTING AND SAVING MONEY, AND PLANNING FOR RETIREMENT. S 2. This act shall take effect on the first of September in the calendar year commencing after the date it shall have become a law; 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. LBD07708-01-3
2013-S3040A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A4142
- Current Committee:
- Senate Education
- Law Section:
- Education Law
- Laws Affected:
- Amd §305, Ed L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S6345
2011-2012: S1525, A9802
2015-2016: S2899, A9238
2017-2018: S8460, A4620
2019-2020: S2400, A4684
2021-2022: S5827
2023-2024: S4860
2025-2026: S94
2013-S3040A (ACTIVE) - Sponsor Memo
BILL NUMBER:S3040A TITLE OF BILL: An act to amend the education law, in relation to requiring secondary school students to complete a financial literacy and personal finances course PURPOSE OR GENERAL IDEA OF BILL: Provides that juniors and seniors at secondary schools must take a financial literacy and personal finances course to better prepare themselves to prudently manage their finances in the future. SUMMARY OF SPECIFIC PROVISIONS: Section 1. Education Law Section 305 is amended by adding a new subdivi- sion 44 to authorize the Commissioner of Education to develop a course or courses in financial literacy and personal finances. Such course in financial literacy shall be completed by juniors or seniors in secondary schools. The course shall include, but need not be limited to, instruc- tion on obtaining and using checking, debit and savings accounts, under- standing the use of credit and credit cards for both large and small purchases, investing, saving, and planning for retirement. Section 2: Effective Date JUSTIFICATION: In certain instances, the lack of financial literacy and a working knowledge about personal finances may lead many unsuspecting
2013-S3040A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3040--A 2013-2014 Regular Sessions I N S E N A T E January 29, 2013 ___________ Introduced by Sen. KLEIN -- read twice and ordered printed, and when printed to be committed to the Committee on Education -- recommitted to the Committee on Education in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the education law, in relation to requiring secondary school students to complete a financial literacy and personal finances 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 44 to read as follows: 44. THE COMMISSIONER IS AUTHORIZED AND DIRECTED TO DEVELOP A CONCISE COURSE OF INSTRUCTION IN FINANCIAL LITERACY AND PERSONAL FINANCES, AND REQUIRE THAT SUCH COURSE BE COMPLETED BY PUPILS IN GRADES ELEVEN AND TWELVE. SUCH COURSE OF INSTRUCTION MAY BE INCORPORATED INTO OTHER CLASS WORK OR COURSES OF INSTRUCTION PROVIDED TO SUCH PUPILS. THE FINANCIAL LITERACY COURSE MAY INCLUDE, BUT NEED NOT BE LIMITED TO INSTRUCTION ON USING CHECKING AND SAVINGS ACCOUNTS, OBTAINING SHORT OR LONG TERM CRED- IT, SECURING A LOAN FOR HIGH COST ITEMS SUCH AS A MOTOR VEHICLE OR A HOME, OBTAINING AND USING CREDIT AND DEBIT CARDS, INVESTING AND SAVING MONEY, AND PLANNING FOR RETIREMENT. S 2. This act shall take effect on the first of September in the calendar year commencing after the date it shall have become a law; 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. LBD07708-02-4
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