Senate Bill S4970B

2019-2020 Legislative Session

Relates to instruction in financial management

download bill text pdf

Sponsored By

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

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Bill Amendments

2019-S4970 - Details

See Assembly Version of this Bill:
A4772
Current Committee:
Senate Education
Law Section:
Education Law
Laws Affected:
Add §817, Ed L
Versions Introduced in Other Legislative Sessions:
2021-2022: S353, A329
2023-2024: S1810, A2937

2019-S4970 - Summary

Requires instruction in financial management for all students in grades four through eight.

2019-S4970 - Sponsor Memo

2019-S4970 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4970
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                               April 3, 2019
                                ___________
 
 Introduced  by  Sen. ADDABBO -- 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 instruction in  finan-
   cial management
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. The education law is amended by adding a new section 817 to
 read as follows:
   § 817. COURSES  OF  STUDY  IN  FINANCIAL  MANAGEMENT.  1.  ALL  SCHOOL
 DISTRICTS  IN  THE  STATE SHALL PROVIDE, TO PUPILS IN GRADES SIX THROUGH
 EIGHT, INSTRUCTION IN FINANCIAL MANAGEMENT INCLUDING,  BUT  NOT  LIMITED
 TO, BASIC FINANCIAL LITERACY NECESSARY FOR SOUND FINANCIAL DECISION-MAK-
 ING,  BUDGETING, SAVINGS, CREDIT, DEBT, INSURANCE, INVESTMENT, AND OTHER
 ISSUES ASSOCIATED WITH PERSONAL FINANCIAL RESPONSIBILITY.
   2. THE COMMISSIONER SHALL PROVIDE TECHNICAL ASSISTANCE IN THE DEVELOP-
 MENT OF CURRICULA FOR SUCH COURSES OF STUDY WHICH SHALL BE AGE APPROPRI-
 ATE AND DEVELOPED ACCORDING TO THE NEEDS  AND  ABILITIES  OF  PUPILS  AT
 SUCCESSIVE  GRADE  LEVELS  IN  ORDER  TO  PROVIDE  PUPILS WITH FINANCIAL
 MANAGEMENT SKILLS.
   § 2. This act shall take effect on the first of July  next  succeeding
 the date on which it shall have become a law. Effective immediately, the
 addition,  amendment  and/or  repeal of any rule or regulation necessary
 for the implementation of this act on its effective date are  authorized
 to be made and completed on or before such effective date.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08573-01-9

2019-S4970A - Details

See Assembly Version of this Bill:
A4772
Current Committee:
Senate Education
Law Section:
Education Law
Laws Affected:
Add §817, Ed L
Versions Introduced in Other Legislative Sessions:
2021-2022: S353, A329
2023-2024: S1810, A2937

2019-S4970A - Summary

Requires instruction in financial management for all students in grades four through eight.

2019-S4970A - Sponsor Memo

2019-S4970A - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  4970--A
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                               April 3, 2019
                                ___________
 
 Introduced  by  Sen. ADDABBO -- read twice and ordered printed, and when
   printed to be committed to the Committee  on  Education  --  committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to said committee
 
 AN  ACT to amend the education law, in relation to instruction in finan-
   cial management

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The education law is amended by adding a new section 817 to
 read as follows:
   §  817.  COURSES  OF  STUDY  IN  FINANCIAL  MANAGEMENT.  1. ALL SCHOOL
 DISTRICTS IN THE STATE SHALL PROVIDE, TO PUPILS IN GRADES  FOUR  THROUGH
 EIGHT,  INSTRUCTION  IN  FINANCIAL MANAGEMENT INCLUDING, BUT NOT LIMITED
 TO, BASIC FINANCIAL LITERACY NECESSARY FOR SOUND FINANCIAL DECISION-MAK-
 ING, BUDGETING, SAVINGS, CREDIT, DEBT, INSURANCE, INVESTMENT, AND  OTHER
 ISSUES ASSOCIATED WITH PERSONAL FINANCIAL RESPONSIBILITY.
   2. THE COMMISSIONER SHALL PROVIDE TECHNICAL ASSISTANCE IN THE DEVELOP-
 MENT OF CURRICULA FOR SUCH COURSES OF STUDY WHICH SHALL BE AGE APPROPRI-
 ATE  AND  DEVELOPED  ACCORDING  TO  THE NEEDS AND ABILITIES OF PUPILS AT
 SUCCESSIVE GRADE LEVELS  IN  ORDER  TO  PROVIDE  PUPILS  WITH  FINANCIAL
 MANAGEMENT SKILLS.
   §  2.  This act shall take effect on the first of July next succeeding
 the date on which it shall have become a law. Effective immediately, the
 addition, amendment and/or repeal of any rule  or  regulation  necessary
 for  the implementation of this act on its effective date are authorized
 to be made and completed on or before such effective date.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08573-03-9

co-Sponsors

2019-S4970B (ACTIVE) - Details

See Assembly Version of this Bill:
A4772
Current Committee:
Senate Education
Law Section:
Education Law
Laws Affected:
Add §817, Ed L
Versions Introduced in Other Legislative Sessions:
2021-2022: S353, A329
2023-2024: S1810, A2937

2019-S4970B (ACTIVE) - Summary

Requires instruction in financial management for all students in grades four through eight.

2019-S4970B (ACTIVE) - Sponsor Memo

2019-S4970B (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  4970--B
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                               April 3, 2019
                                ___________
 
 Introduced  by  Sen. ADDABBO -- read twice and ordered printed, and when
   printed to be committed to the Committee  on  Education  --  committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to  said  committee  --  committee  discharged,  bill amended, ordered
   reprinted as amended and recommitted to said committee

 AN ACT to amend the education law, in relation to instruction in  finan-
   cial management
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The education law is amended by adding a new section 817 to
 read as follows:
   § 817. COURSES  OF  STUDY  IN  FINANCIAL  MANAGEMENT.  1.  ALL  SCHOOL
 DISTRICTS  IN  THE  STATE  SHALL  BE AUTHORIZED TO PROVIDE, TO PUPILS IN
 GRADES FOUR THROUGH EIGHT, INSTRUCTION IN FINANCIAL  MANAGEMENT  INCLUD-
 ING,  BUT  NOT  LIMITED TO, BASIC FINANCIAL LITERACY NECESSARY FOR SOUND
 FINANCIAL DECISION-MAKING, BUDGETING, SAVINGS, CREDIT, DEBT,  INSURANCE,
 INVESTMENT,  AND OTHER ISSUES ASSOCIATED WITH PERSONAL FINANCIAL RESPON-
 SIBILITY. THE COMMISSIONER SHALL ESTABLISH  AND  DEFINE  SUCH  FINANCIAL
 MANAGEMENT PROGRAM IN REGULATIONS. NOTHING IN THIS SECTION SHALL PREVENT
 THE  DEPARTMENT  FROM  MAKING  MODEL  CURRICULUM  AND RESOURCE MATERIALS
 AVAILABLE ON THE DEPARTMENT'S WEBSITE.
   2. THE COMMISSIONER SHALL PROVIDE TECHNICAL ASSISTANCE IN THE DEVELOP-
 MENT OF CURRICULA FOR SUCH COURSES OF STUDY WHICH SHALL BE AGE APPROPRI-
 ATE AND DEVELOPED ACCORDING TO THE NEEDS  AND  ABILITIES  OF  PUPILS  AT
 SUCCESSIVE  GRADE  LEVELS  IN  ORDER  TO  PROVIDE  PUPILS WITH FINANCIAL
 MANAGEMENT SKILLS.
   § 2. This act shall take effect on the first of July  next  succeeding
 the date on which it shall have become a law. Effective immediately, the
 addition,  amendment  and/or  repeal of any rule or regulation necessary
 for the implementation of this act on its effective date are  authorized
 to be made and completed on or before such effective date.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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