New York S 1272: Relates to instruction in financial management

Bill Text

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S01272 Summary:

BILL NOS01272 

&nbsp

SAME ASSAME AS A00096

&nbsp

SPONSORADDABBO

&nbsp

COSPNSRBORRELLO, MYRIE, RAMOS

&nbsp

MLTSPNSR

&nbsp

Add §819, Ed L

&nbsp

Requires instruction in financial management for all students in grades four through eight.

Go to top S01272 Actions:

BILL NOS01272 

&nbsp

01/09/2025REFERRED TO EDUCATION

01/07/2026REFERRED TO EDUCATION

Go to topS01272 Committee&nbspVotes:

Go to topS01272 Floor&nbspVotes:

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

Go to topS01272 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1272

 2025-2026 Regular Sessions

 IN SENATE

 January 9, 2025
 ___________

 Introduced by Sens. ADDABBO, BORRELLO, MYRIE, RAMOS -- 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 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 819 to
 2 read as follows:
 3 § 819. 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.
 LBD00381-01-5

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