Senate Bill S1810

2023-2024 Legislative Session

Relates to instruction in financial management

download bill text pdf

Sponsored By

Current 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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2023-S1810 (ACTIVE) - Details

See Assembly Version of this Bill:
A2937
Current Committee:
Senate Education
Law Section:
Education Law
Laws Affected:
Add §817, Ed L
Versions Introduced in Other Legislative Sessions:
2019-2020: S4970, A4772
2021-2022: S353, A329

2023-S1810 (ACTIVE) - Summary

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

2023-S1810 (ACTIVE) - Sponsor Memo

2023-S1810 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1810
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             January 17, 2023
                                ___________
 
 Introduced  by  Sens.  ADDABBO, BORRELLO, MYRIE, RAMOS -- 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 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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