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NY A05595
Bill
Status
3/16/2023
Primary Sponsor
Keith Brown
Click for details
AI Summary
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All school districts in New York State must provide instruction to students in owning and operating a business, including basic financial literacy, leadership, management, communication, budgeting, savings, credit, debt, insurance, and taxation.
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The Commissioner of Education must establish and define the business instruction program through regulations.
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The Commissioner shall provide technical assistance in developing curricula that are age-appropriate and tailored to students' needs and abilities at successive grade levels.
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The Department of Education is authorized to make model curriculum and resource materials available on its website to support implementation.
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The bill takes effect on July 1 following enactment, with authority for the Commissioner to adopt necessary rules and regulations immediately upon passage.
Legislative Description
Requires instruction in owning and operating a business including, but not limited to, basic financial literacy necessary for sound financial decision-making, leadership, management, communication, budgeting, savings, credit, debt, insurance, taxation, and other issues associated with owning and operating a business.
Last Action
referred to education
1/3/2024