Bill Text: IA SF2258 | 2013-2014 | 85th General Assembly | Amended
Bill Title: A bill for an act providing for a voluntary program to recognize school districts and accredited nonpublic schools that participate in programs that promote financial literacy for high school students. (Formerly SF 2219.)
Spectrum: Committee Bill
Status: (Introduced - Dead) 2014-03-13 - Referred to Education. S.J. 551. [SF2258 Detail]
Download: Iowa-2013-SF2258-Amended.html
Senate
File
2258
-
Reprinted
SENATE
FILE
2258
BY
COMMITTEE
ON
EDUCATION
(SUCCESSOR
TO
SF
2219)
(As
Amended
and
Passed
by
the
Senate
February
27,
2014
)
A
BILL
FOR
An
Act
providing
for
a
voluntary
program
to
recognize
school
1
districts
and
accredited
nonpublic
schools
that
participate
2
in
programs
that
promote
financial
literacy
for
high
school
3
students
and
including
implementation
provisions.
4
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
5
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2258
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S.F.
2258
Section
1.
SHORT
TITLE.
This
Act
shall
be
known
and
may
be
1
cited
as
the
“Champion
of
Financial
Literacy
Act
of
2014”.
2
Sec.
2.
Section
256.9,
Code
2014,
is
amended
by
adding
the
3
following
new
subsection:
4
NEW
SUBSECTION
.
65.
a.
Develop
and
implement
a
voluntary
5
program
to
recognize
school
districts
and
accredited
nonpublic
6
schools
that
participate
in
programs
that
promote
financial
7
literacy
for
high
school
students
and
that
have
the
following
8
characteristics:
9
(1)
Capability
for
implementation
without
additional
10
teacher
training
or
cost
to
students
or
school
districts
or
11
schools.
12
(2)
Capability
for
implementation
using
both
existing
13
instructional
time
or
time
outside
of
the
school
day.
14
(3)
Capability
for
implementation
as
both
a
new
curriculum
15
component
or
as
a
complement
to
existing
curriculum
components.
16
(4)
Inclusion
of
a
money
management
system
for
students.
17
(5)
Inclusion
of
curriculum
and
supporting
materials
that
18
can
be
personalized
for
students
and
that
were
developed
19
through
partnerships
with
financial
literacy
experts
in
the
20
public,
private,
or
nonprofit
sector.
21
(6)
Inclusion
of
newsletters
that
provide
family
members
22
with
weekly
savings
information
and
the
opportunity
to
23
participate
in
their
children’s
activities
in
the
program.
24
(7)
Education
of
students
in
areas
of
financial
literacy
25
including
but
not
limited
to
the
following:
26
(a)
Spending
on
necessities
versus
spending
on
27
discretionary
matters.
28
(b)
Creating
a
budget
and
spending
goals.
29
(c)
Banking
and
personal
finance.
30
(d)
Paying
monthly
bills
and
managing
expenses
on
a
set
31
salary.
32
(e)
Borrowing
and
use
of
credit
cards.
33
(f)
Opening
and
contributing
to
a
savings
account.
34
(g)
Understanding
financial
aid
and
college
expenses.
35
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2
S.F.
2258
(h)
Career
planning.
1
b.
The
department
shall
select
and
make
available
a
2
voluntary
assessment
that
measures
student
achievement,
based
3
on
the
program
developed
and
implemented
pursuant
to
paragraph
4
“a”
,
for
use
by
school
districts
and
schools.
The
department
5
shall
announce
the
selection
of
the
assessment
annually
by
6
August
1.
7
c.
The
governor
or
the
department
shall
annually
acknowledge
8
school
districts
or
schools
in
this
state
that
demonstrate
9
a
proficient
level
of
achievement
in
financial
literacy
as
10
determined
by
at
least
seventy
percent
of
their
enrolled
11
students
in
grades
eleven
and
twelve
or
in
grade
twelve
having
12
completed
the
assessment
with
at
least
an
eighty
percent
13
competency
level.
14
d.
The
governor
or
the
department
shall
annually
recognize
15
school
districts
or
schools
in
this
state
that
demonstrate
16
a
superior
level
of
achievement
in
financial
literacy
as
17
determined
by
at
least
eighty
percent
of
their
enrolled
18
students
in
grades
eleven
and
twelve
or
in
grade
twelve
having
19
completed
the
assessment
with
at
least
an
eighty
percent
20
competency
level.
The
governor
or
the
department
shall
21
annually
recognize
school
districts
or
schools
in
this
state
22
that
demonstrate
a
superior
level
of
achievement
in
financial
23
literacy
as
champions
of
financial
literacy.
24
Sec.
3.
IMPLEMENTATION.
The
department
of
education
shall
25
develop
and
implement
the
program
provided
for
in
this
Act
and
26
select
and
provide
the
assessment
provided
for
in
this
Act
for
27
use
by
school
districts
and
schools
by
March
1,
2015.
28
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