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AL HB164
Bill
Status
5/2/2023
Primary Sponsor
Andy Whitt
Click for details
AI Summary
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Students entering ninth grade in the 2024-2025 school year must complete a personal financial literacy and money management course before high school graduation.
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Course instruction must cover bank accounts, checking account balancing, money management, loans, insurance, taxation, interest rates, contracts, and savings and investments.
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The State Department of Education shall identify approved financial literacy courses that may fulfill one unit of academic credit for any mathematics course by June 30, 2024.
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The State Department of Education shall create a standardized examination by June 30, 2024, to be administered to each student upon course completion, with results reported annually by local school system.
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The State Board of Education shall adopt rules necessary to implement the requirements of this act, which becomes effective on the first day of the third month following passage and approval.
Legislative Description
Relating to public high schools; to require students to complete a personal financial literacy and money management course before graduation; to provide for the creation and administration of a financial literacy examination; and to require the reporting of a summary of examination results to the State Department of Education.
Public K-12 education; course on personal financial literacy required; examination and reporting of results
Last Action
Enacted
5/2/2023