Loading chat...
OK HB2515
Bill
Status
2/1/2016
Primary Sponsor
Ann Coody
Click for details
AI Summary
-
Amends the Passport to Financial Literacy Act to shift personal financial literacy requirements from grades 7-12 to grades 9-12 beginning with the 2019-2020 school year, covering 14 topic areas including credit, loans, FAFSA, insurance, taxes, and banking
-
Requires teachers assigned to teach personal financial literacy to complete ongoing professional development training starting in the 2019-2020 school year
-
Increases the fee paid by payday lenders from $0.05 to $1.00 per deferred deposit loan, with $0.25 going to the Consumer Credit Counseling Revolving Fund and $0.75 to the new Personal Financial Literacy Education Revolving Fund
-
Creates the Personal Financial Literacy Education Revolving Fund in the State Treasury to fund curriculum development, teacher training, and resources for financial literacy instruction
-
Effective date of July 1, 2016, with an emergency clause for immediate implementation
Legislative Description
Financial literacy education; modifying areas of instruction; creating fund; effective date; emergency.
Last Action
Authored by Senator Stanislawski (principal Senate author)
2/25/2016