House Amendment 1528


PAG LIN




     1  1    Amend House File 611 as follows:
     1  2 #1.  Page 3, by inserting after line 15 the
     1  3 following:
     1  4    <Sec. 101.  Section 256.11, subsection 5, Code
     1  5 2007, is amended by adding the following new
     1  6 paragraph:
     1  7    NEW PARAGRAPH.  k.  One=half unit of personal
     1  8 finance literacy, the curriculum of which shall
     1  9 include but not be limited to the use of common
     1 10 banking instruments such as checking accounts; credit;
     1 11 debit cards; compound interest; mortgage, auto, and
     1 12 personal loans; investment basics, including stocks,
     1 13 bonds, and index funds; credit scores; budgeting;
     1 14 saving and debt management; retirement planning and
     1 15 savings; and insurance.  All students shall complete
     1 16 at least one=half unit of personal finance literacy as
     1 17 a condition of graduation.>
     1 18 #2.  Page 5, by inserting after line 16 the
     1 19 following:
     1 20    <Sec.    .  STATE MANDATE FUNDING SPECIFIED.  In
     1 21 accordance with section 25B.2, subsection 3, the state
     1 22 cost of requiring compliance with any state mandate
     1 23 included in this Act shall be paid by a school
     1 24 district from state school foundation aid received by
     1 25 the school district under section 257.16.  This
     1 26 specification of the payment of the state cost shall
     1 27 be deemed to meet all the state funding=related
     1 28 requirements of section 25B.2, subsection 3, and no
     1 29 additional state funding shall be necessary for the
     1 30 full implementation of this Act by and enforcement of
     1 31 this Act against all affected school districts.
     1 32    Sec.    .  EFFECTIVE DATE.  Section 101 of this Act
     1 33 takes effect July 1, 2008.>
     1 34 #3.  Title page, by striking lines 1 through 4 and
     1 35 inserting the following:  <An Act relating to
     1 36 education standards, providing related duties for>.
     1 37 #4.  Title page, line 5, by inserting after the
     1 38 word <education> the following:  <, and providing an
     1 39 effective date>.
     1 40 #5.  By renumbering as necessary.
     1 41
     1 42
     1 43                               
     1 44 PETTENGILL of Benton
     1 45 HF 611.206 82
     1 46 kh/es/8139
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