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MI HB5736

Bill

Status

Introduced

6/8/2016

Primary Sponsor

Jeremy Moss

Click for details

Origin

House of Representatives

98th Legislature

AI Summary

  • Removes the July 1, 2002 deadline and requires the department to develop or adopt model youth financial education programs for schools covering grades K-12, focusing on earning, spending, saving, borrowing, and investing.

  • Encourages all school districts and public school academies to adopt and implement the model financial education programs or similar programs.

  • Authorizes the department to use available federal funds for grants to public schools and other measures to encourage implementation of financial education programs.

  • Requires the department to modify model programs by the beginning of the 2017-2018 school year to include instruction on taxation affecting individuals and insurance related to automobile ownership or leasing and residential properties.

Legislative Description

Education; curriculum; youth financial education; require to include instruction on taxation of individuals and on individual ownership or leasing of automobiles and residential properties. Amends sec. 1165 of 1976 PA 451 (MCL 380.1165).

Education: curriculum

Last Action

Bill Electronically Reproduced 06/08/2016

6/9/2016

Committee Referrals

Education6/8/2016

Full Bill Text

No bill text available