STATE OF NEW YORK
________________________________________________________________________
4970--B
2019-2020 Regular Sessions
IN SENATE
April 3, 2019
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Introduced by Sen. ADDABBO -- read twice and ordered printed, and when
printed to be committed to the Committee on Education -- committee
discharged, bill amended, ordered reprinted as amended and recommitted
to said committee -- committee discharged, bill amended, ordered
reprinted as amended and recommitted to said committee
AN ACT to amend the education law, in relation to instruction in finan-
cial management
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. Courses of study in financial management. 1. All school
4 districts in the state shall be authorized to provide, to pupils in
5 grades four through eight, instruction in financial management includ-
6 ing, but not limited to, basic financial literacy necessary for sound
7 financial decision-making, budgeting, savings, credit, debt, insurance,
8 investment, and other issues associated with personal financial respon-
9 sibility. The commissioner shall establish and define such financial
10 management program in regulations. Nothing in this section shall prevent
11 the department from making model curriculum and resource materials
12 available on the department'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 financial
17 management skills.
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.
LBD08573-04-9
