Assembly Bill A4620

2017-2018 Legislative Session

Provides that juniors and seniors at secondary schools must take a financial literacy and personal finances 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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2017-A4620 (ACTIVE) - Details

Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Amd §305, Ed L
Versions Introduced in Other Legislative Sessions:
2011-2012: A9802
2013-2014: A4142, A1505
2015-2016: A9238
2019-2020: A4684

2017-A4620 (ACTIVE) - Summary

Provides that juniors and seniors at secondary schools must take a financial literacy and personal finances course.

2017-A4620 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4620
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 3, 2017
                                ___________
 
 Introduced  by M. of A. BLAKE, HUNTER, RICHARDSON, PEOPLES-STOKES, HEVE-
   SI, McDONALD, COOK, TITUS, SEPULVEDA, BICHOTTE, STECK  --  Multi-Spon-
   sored  by -- M. of A. ABBATE, HYNDMAN, SIMON -- read once and referred
   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 56 to read as follows:
   56. 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.
   §  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.
                                                            LBD00416-01-7

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