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1999 Financial Literacy Legislation

April 5, 2005

Enactments noted in italics

 

 State:  Bill Summary:
 Idaho  

S.C.R. 108
Passed House
2/26/99
Recognizes the needs of financial literacy among teens and adults, declares March 1999 to be Idaho Financial Literacy Month.

 Louisiana  

S.C.R. 35
Passed both houses 5/24/99
Requests the state Board of Elementary and Secondary Education to require high school students to complete a course in life management skills as a prerequisite to graduation.

 Maine  

L.D. 1198
Vetoed by governor
6/17/99
Increases funding statewide to sustain and expand education and training, employment and self-employment training, placement and transitional support services for displaced homemakers that lead to economic self-sufficiency.

 Massachusetts  

H.B. 3820
Directs the Department of Education to establish a course of instruction on personal economics by public schools.

   

S.B. 34
Establishes the Mature Worker Opportunity Program to enable participants to acquire the skills needed to maximize their economic self-sufficiency; assures access to all relevant federal and state-funded employment, training and employment related education services.

 Minnesota  

H.F. 825
S.F. 744
Relates to education; requires knowledge in personal and family financial management and investment for graduation.

 Mississippi  

H.B. 820
Signed by governor
3/15/99, Chapter 360
Requires the state Board of Education to develop objectives for existing secondary level courses which focus on instruction in personal money management skills.

 Montana  

S.J.R. 2
Passed House 2/11/99
Urges the Board of Public Education to integrate basic economic and consumer principles and personal financial planning coursework into the model learner goals or content and performance standards established for Montana's public schools.

 New Mexico  

H.B. 449
Makes an appropriation to provide entrepreneurship education instruction and life skills training for public school teachers throughout New Mexico.

   

S.B. 47, First Special Session
Makes an appropriation to provide economic education instruction and other business-related training for elementary and secondary public school teachers in the state.

   

S.B. 209
Makes an appropriation to provide economic education instruction and other business-related training for elementary and secondary public school teachers in the state.

 Ohio  

H.B. 282
Requires the Department of Education to develop a packet of high school instructional materials on personal financial responsibility, including instructional materials on the avoidance of credit card abuse, and shall distribute that packet to all school districts.  The Board of Education of any school district may adopt part or all of the materials included in the packet for incorporation into the district's curriculum.

   

H.B. 542
Requires one unit of study in economics for graduation from high school.

 Oregon  

S.B. 187
Directs the state treasurer to establish Oregon Retirement Savings Education Program.  Requires program to include plan for educating Oregonians regarding importance of saving for retirement, implementation of small business pension education agenda, programs and strategies that allow for additional educational initiatives, and monitoring and other activities designed to ensure that personal finance skills are taught and tested throughout Oregon's education system.  Creates Oregon Retirement Savings Education Account for deposit of federal moneys and other contributions devoted to program.  Appropriates all moneys in account to state treasurer for implementation and administration of the program.

 Texas  

H.B. 226
Relates to personal finance education as a requirement for graduation from public high school.

   

S.B. 1808
Relates to personal finance education as a requirement for graduation from public high school.

 West Virginia  

S.B. 633
Requires additional credit of civics and economics courses for high school seniors.

NCSL Contact:  Heather Morton, (303) 364-7700, Denver

 

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