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.
STATE OF NEW YORK
________________________________________________________________________
5595
2023-2024 Regular Sessions
IN ASSEMBLY
March 16, 2023
___________
Introduced by M. of A. K. BROWN -- read once and referred to the Commit-
tee on Education
AN ACT to amend the education law, in relation to requiring instruction
in owning and operating a business
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The education law is amended by adding a new section 817 to
2 read as follows:
3 § 817. Instruction in owning and operating a business. 1. All school
4 districts in the state shall provide to pupils instruction in owning and
5 operating a business including, but not limited to, basic financial
6 literacy necessary for sound financial decision-making, leadership,
7 management, communication, budgeting, savings, credit, debt, insurance,
8 taxation, and other issues associated with owning and operating a busi-
9 ness. The commissioner shall establish and define such program in regu-
10 lations. Nothing in this section shall prevent the department from
11 making model curriculum and resource materials available on the depart-
12 ment's website.
13 2. The commissioner shall provide technical assistance in the develop-
14 ment of curricula for such courses of study which shall be age appropri-
15 ate and developed according to the needs and abilities of pupils at
16 successive grade levels in order to provide pupils with the skills to
17 own and operate a business.
18 § 2. This act shall take effect on the first of July next succeeding
19 the date on which it shall have become a law. Effective immediately, the
20 addition, amendment and/or repeal of any rule or regulation necessary
21 for the implementation of this act on its effective date are authorized
22 to be made and completed on or before such effective date.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD06541-01-3
