New York S 677: Authorizes a distinctive "guardians for schools" license plate; and establishes the guardians for schools fund

Bill Text

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S00677 Summary:

BILL NOS00677 

&nbsp

SAME ASSAME AS A00809

&nbsp

SPONSORMARTINEZ

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add §819, Ed L

&nbsp

Requires the commissioner of education to develop and adopt instruction in financial and insurance literacy for students in grades nine through twelve.

Go to top S00677 Actions:

BILL NOS00677 

&nbsp

01/08/2025REFERRED TO EDUCATION

01/07/2026REFERRED TO EDUCATION

Go to topS00677 Committee&nbspVotes:

Go to topS00677 Floor&nbspVotes:

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

Go to topS00677 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 677

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by Sen. MARTINEZ -- read twice and ordered printed, and when
 printed to be committed to the Committee on Education

 AN ACT to amend the education law, in relation to establishing instruc-
 tion in financial and insurance literacy

 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 819 to
 2 read as follows:
 3 § 819. Instruction in financial and insurance literacy. 1. The commis-
 4 sioner shall develop and adopt curriculum standards for instruction in
 5 financial and insurance literacy to be completed by students enrolled in
 6 secondary school. Upon the effective date of this section, each local
 7 board of education shall require all students in grades nine through
 8 twelve, as a condition of graduation, to complete at least a half-credit
 9 course in financial and insurance literacy which implements the minimum
 10 course of instruction standards established pursuant to this section.
 11 2. Such standards shall include but not be limited to instruction in
 12 core competencies of money management and investment and basic princi-
 13 ples of personal insurance policies and retirement planning. Such
 14 instruction may be provided in the context of existing coursework
 15 offered by a local school system and shall be eligible to count toward a
 16 mathematics, social studies or elective unit of credit requirement for
 17 graduation. Subject to state-appropriated funding, local school boards
 18 may provide a unit of study related to financial and insurance literacy
 19 separate from existing coursework.
 20 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00337-01-5

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