Bill Text: NY S01272 | 2025-2026 | General Assembly | Introduced

New York Senate Bill 1272

Introduced

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

Spectrum: Slight Partisan Bill (Democrat 3-1)

Status: (Introduced) 2025-01-09 - REFERRED TO EDUCATION [S01272 Detail]

Download: New_York-2025-S01272-Introduced.html




                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