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NY A08306
Bill
Status
11/27/2023
Primary Sponsor
Matthew Simpson
Click for details
AI Summary
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All public school pupils in grades 9-12 must complete a half-credit financial literacy course at least once before graduation, effective for students enrolling in grade 9 after the bill's enactment date.
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Students must pass the course to graduate, except those deemed disabled, impaired, or mentally handicapped; the requirement does not apply to pupils already enrolled in grades 9-12 on the effective date.
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The financial literacy course counts toward the 22 total credits required for graduation and is graded on an A+ to F scale as an independent elective.
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School district boards must develop curricula covering 12 required topics including budgeting, credit management, banking, taxes, investments, insurance, student loans, and retirement planning.
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The state education commissioner must provide assistance and resources to help school boards develop and maintain financial literacy curricula.
Legislative Description
Requires that instruction in financial literacy be provided to pupils in grades nine through twelve; establishes what should be included in such curriculum including the basics of financial planning, budgeting, borrowing, interest rates, and personal insurance policies.
Last Action
referred to education
1/3/2024