SENATE BILL No. 74*
An Act concerning schools; relating to the powers and duties of the state board of
education; relating to personal financial literacy programs.
Section 1. (a) In order to equip students with the knowledge and
skills needed to become self-supporting and to enable students to make
critical decisions regarding personal finances, the state board of education
shall authorize and assist in the implementation of programs on teaching
personal financial literacy. The components of personal financial literacy
covered in the program shall include, but not be limited to, consumer
financial education, personal finance and personal credit.
(b) The state board of education shall develop a curriculum, materials
and guidelines that local boards of education and governing authorities
of accredited nonpublic schools may use in implementing the program of
instruction on personal financial literacy.
(c) The state board of education shall develop standards and objec-
tives for personal financial literacy, for all grade levels, within the existing
mathematics curriculum or another appropriate subject-matter curricu-
(d) The state board of education shall encourage school districts when
selecting textbooks for mathematics, economics or similar courses, to se-
lect those textbooks which contain substantive provisions on personal fi-
nance, including personal budgeting, credit, debt management and sim-
ilar personal financial topics.
Sec. 2. This act shall take effect and be in force from and after its
publication in the statute book.
Approved April 10, 2002.
Date Composed: 10/29/2003 Date Modified: 10/29/2003