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and public sectors for consideration in adopting a financial literacy curriculum for grades 10 to 12, inclusive; and urges that a financial literacy curriculum be made available to school administrators and teachers as soon as available to ensure that pupils develop the basic knowledge they will need to succeed as members of the workforce and consumers in the complex 21st century economy; and requires the chief clerk of the Assembly to transmit copies of this resolution to the superintendent of public instruction, the state Department of Education, and the author for appropriate distribution. Status—Filed with Secretary of State, Resolution Chapter 19, 3/30/2004 S.B. 939 States the intent of the Legislature to enact legislation that would provide a tax credit to winners of the state lottery who donate a portion of the proceeds of their winnings to public school programs that fund school counselors or to community college districts for basic skills instruction. Status—Died pursuant to Art. IV, Sec. 10(c) of the Constitution, 2/02/2004 COLORADO H.B. 1360 Requires the Department of Education to create a resource bank of materials pertaining to financial literacy and specifies the minimum content of the resource bank. Upon the request of a school district or a charter school, requires the department to provide technical assistance to the school district or charter school in designing a financial literacy curriculum. Encourages each school district to adopt a financial literacy curriculum and to make successful completion of courses on financial literacy a graduation requirement. Status—Signed by Governor, Chapter 372, 6/04/2004 HAWAII H.B. 1898 Establishes April as Financial Literacy for Youth Month in Hawaii. Status—Signed by Governor, Act 37, 4/29/2004 H.B. 2219 Authorizes the Board of Education to establish personal financial management education programs within the Department of Education for grades kindergarten through 12. Status—Referred to Education and Finance Committeee, 1/30/2004 7 NATIONAL CONFERENCE OF STATE LEGISLATURES S.B. 2657 Authorizes the Board of Education to establish personal financial management education programs within the Department of Education for grades kindergarten through 12. Status—Referred to EDU, WAM, 1/28/2004 ILLINOIS H.B. 4010 Amends the Deposit of State Moneys Act. Provides that the state treasurer may accept a proposal from an eligible institution that provides a reduced rate of interest if the institution agrees to expend an amount equal to the reduction for the delivery of credit union products and services and financial literacy programs to low-income people or economically disadvantaged areas of the state. Status—House Session Sine Die, 1/11/2005 IOWA H.R. 116 Urges all local boards of education to support and encourage the development, inclusion, and expansion of parenting and life management skills curricula in the family and consumer sciences programs of all high schools throughout Iowa; acknowledges and commends the progressive local boards of education in Iowa that currently have a family and consumer sciences graduation requirement in parenting and life management skills; and urges all local boards of education that do not have a family and consumer sciences requirement to give priority to the addition of a specific family and consumer sciences high school graduation requirement in parenting and life management skills for all students in their districts. Status—Laid over Rule, 25 2/17/2004 KENTUCKY H.B. 130 Prohibits the offer of a gift in exchange for a student credit card application; requires public postsecondary education institutions and encourages nonpublic postsecondary institutions to include credit card and debt education sessions as part of new student orientation; directs the Council on Postsecondary Education to promulgate administrative regulations to regulate credit card marketing practices on public postsecondary campuses; and makes the adoption of a credit card marketing policy a requirement for licensure of a nonpublic postsecondary college or university. Status—Passed House, referred to Senate Judiciary, 3/20/2004
MASSACHUSETTS S.B. 277 Establishes a grant program for YouthBuild in the Department of Education to enable economically disadvantaged youth, especially youth who have not finished high school, to obtain the education, job skills training, personal counseling, leadership development skills training, job placement assistance, and longterm follow-up leading to economic self sufficiency. Status—Died, 2004 MICHIGAN H.R. 216 Recognizes the month of April 2004 as Financial Literacy for Youth Month in the state of Michigan. Status—Adopted, 3/11/2004 S.B. 199 Requires a basic finance course through Michigan virtual university; establishes course as an elective and offers high school credit for passing course. Status—Referred to Committee on Education, 2/19/2003 S.R. 226 Establishes April as Financial Literacy for Youth Month. Status—Adopted, 3/16/2004 MINNESOTA H.F. 2690 S.F. 2408 Relates to education; includes personal and family financial management and investment education as an elective for high school graduation. Status—Introduced and first reading; referred to Education Policy, 3/03/2004 MISSISSIPPI H.B. 243 Requires the state Board of Education to develop a course on personal finance and entrepreneurship to be required of all public high school students graduating in 2008 and thereafter; specifies certain skills to be taught through the course; and authorizes the state Department of Education to use available funding to train teachers in entrepreneurship education. Status—Died in Committee, 3/09/2004 H.B. 1552 Authorizes school boards to implement a financial literacy program for students in grades 10 and 11. Status—Died in Committee, 4/06/2004 8 NATIONAL CONFERENCE OF STATE LEGISLATURES S.B. 3016 Authorizes school boards to implement a financial literacy program for students in grades 10 and 11. The board may review the national programs and obtain free literature from various nationally recognized programs. After review of the different programs, the board may certify a program that is most appropriate for the school districts’ needs. If a district implements a financial literacy program, then any student in grade 10 or 11 may participate in the program. The financial literacy program shall include, but is not limited to, instruction in the same areas of personal business and finance as required under §37-1- 3(2)(b). The school board may coordinate with volunteer teachers from local community organizations, including, but not limited to, the following: U.S. Department of Agriculture Rural Development, U.S. Department of Housing and Urban Development, Junior Achievement, bankers and other nonprofit organizations. Nothing in this paragraph shall be construed as to require school boards to implement a financial literacy program. Status—Signed by Governor, Chapter 408, 4/20/2004 NEW JERSEY S.B. 1403 Requires a public institution of higher education to establish a financial management program for its students if the institution enters into an agreement for the direct solicitation of credit cards to its students. The financial management program is to be funded by the credit card issuers and conform to the guidelines for the program established by the Department of Banking and Insurance. If a student has not successfully completed the financial management program prior to entering a credit card agreement pursuant to a direct solicitation, the student would not be liable for any interest on the debt pursuant thereto. Status—Introduced in Senate, referred to Senate Commerce Committeee, 3/29/2004 NEW YORK A.B. 6011 Requires every institution of higher education in the state to interview students who withdraw to determine whether such withdrawal is the result of credit card debt incurred by the student; requires such institutions to annually report to the governor, temporary president of the Senate and speaker of the Assembly on the number of students who withdraw because of credit card debt; requires that a course of instruction on the implications of establishing a bad credit rating be given to newly entering students; and requires such institutions to regulate the conduct of issuers of credit cards while on campus. Status—Died, 2004
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