New York A 1337: Establishes the small farm disaster recovery grant program

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A01337 Summary:

BILL NOA01337 

&nbsp

SAME ASSAME AS S04812

&nbsp

SPONSORClark

&nbsp

COSPNSRSantabarbara

&nbsp

MLTSPNSR

&nbsp

Add §803-c, Ed L

&nbsp

Establishes a half-credit course in financial education delivered by means of a comprehensive financial literacy program for all pupils in grades nine, ten, eleven or twelve.

Go to top A01337 Actions:

BILL NOA01337 

&nbsp

01/09/2025referred to education

01/07/2026referred to education

Go to topA01337 Committee&nbspVotes:

Go to topA01337 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA01337 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1337

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 9, 2025
 ___________

 Introduced by M. of A. CLARK -- read once and referred to the Committee
 on Education

 AN ACT to amend the education law, in relation to establishing a course
 of study in financial education for certain students

 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 803-c
 2 to read as follows:
 3 § 803-c. Courses of study in financial education. 1. All pupils in
 4 grades nine, ten, eleven and twelve shall be offered a half-credit
 5 course in financial education delivered by means of a comprehensive
 6 financial literacy program.
 7 2. The commissioner, in consultation with the department of financial
 8 services, shall develop a curriculum for the study of financial literacy
 9 pursuant to subdivision one of this section. Such curriculum shall
 10 include, but not be limited to, instruction in the following:
 11 a. opening and maintaining an account at a financial institution;
 12 b. types of financial products offered including insurance;
 13 c. understanding loans including auto loans, student loans, and
 14 personal loans;
 15 d. on-going monitoring of expenditures and deposits;
 16 e. basic principles of money management, such as spending, credit,
 17 credit scores, and managing debt;
 18 f. taxes;
 19 g. computing interest rates by various mechanisms;
 20 h. simple contracts;
 21 i. understanding billing statements;
 22 j. types of savings and investments;
 23 k. state and federal laws concerning finance;
 24 l. financial planning; and
 25 m. understanding the present value of money.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02618-01-5

 A. 1337 2

 1 § 2. This act shall take effect on the one hundred twentieth day after
 2 it shall have become a law. Effective immediately, the addition, amend-
 3 ment and/or repeal of any rule or regulation necessary for the implemen-
 4 tation of this act on its effective date are authorized to be made and
 5 completed on or before such effective date.

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