Bill Text: NY S04970 | 2019-2020 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

---

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

Spectrum: Slight Partisan Bill (Democrat 3-1)

Status: (Introduced - Dead) 2020-01-08 - REFERRED TO EDUCATION [S04970 Detail]

Download: New_York-2019-S04970-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________
                                          4970
                               2019-2020 Regular Sessions
                    IN SENATE
                                      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:
     1    Section 1. The education law is amended by adding a new section 817 to
     2  read as follows:
     3    § 817. Courses  of  study  in  financial  management.  1.  All  school
     4  districts  in  the  state shall provide, to pupils in grades six through
     5  eight, instruction in financial management including,  but  not  limited
     6  to, basic financial literacy necessary for sound financial decision-mak-
     7  ing,  budgeting, savings, credit, debt, insurance, investment, and other
     8  issues associated with personal financial responsibility.
     9    2. The commissioner shall provide technical assistance in the develop-
    10  ment of curricula for such courses of study which shall be age appropri-
    11  ate and developed according to the needs  and  abilities  of  pupils  at
    12  successive  grade  levels  in  order  to  provide  pupils with financial
    13  management skills.
    14    § 2. This act shall take effect on the first of July  next  succeeding
    15  the date on which it shall have become a law. Effective immediately, the
    16  addition,  amendment  and/or  repeal of any rule or regulation necessary
    17  for the implementation of this act on its effective date are  authorized
    18  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