Assembly Bill A2937

2023-2024 Legislative Session

Relates to instruction in financial management

download bill text pdf

Sponsored By

Current 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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2023-A2937 (ACTIVE) - Details

See Senate Version of this Bill:
S1810
Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Add §817, Ed L
Versions Introduced in Other Legislative Sessions:
2019-2020: A4772, S4970
2021-2022: A329, S353

2023-A2937 (ACTIVE) - Summary

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

2023-A2937 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2937
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 1, 2023
                                ___________
 
 Introduced  by  M.  of A. PHEFFER AMATO -- read once and referred 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  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.
                                                            LBD04101-01-3

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