House Amendment 1532


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.    .  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.    .  DEPARTMENT OF EDUCATION == PERSONAL
     1 21 FINANCE LITERACY.  There is appropriated from the
     1 22 general fund of the state to the department of
     1 23 education for the fiscal year beginning July 1, 2007,
     1 24 and ending June 30, 2008, the following amount, or so
     1 25 much thereof as is necessary, to be used for the
     1 26 purpose designated:
     1 27    For distribution to school districts to cover the
     1 28 costs of offering one=half unit of personal finance
     1 29 literacy in accordance with section 256.11, subsection
     1 30 5, paragraph "k", as enacted in this Act:
     1 31 .................................................. $  5,000,000
     1 32    Allocation of the funds appropriated pursuant to
     1 33 this section shall be based upon the proportion that
     1 34 the grade nine through grade twelve enrollment of a
     1 35 district bears to the sum of the grade nine through
     1 36 grade twelve enrollments of all school districts in
     1 37 the state as reported for the base year.>
     1 38 #3.  Title page, by striking lines 1 through 4 and
     1 39 inserting the following:  <An Act relating to
     1 40 education standards, providing related duties for>.
     1 41 #4.  Title page, line 5, by inserting after the
     1 42 word <education> the following:  <, and making an
     1 43 appropriation>.
     1 44 #5.  By renumbering as necessary.
     1 45
     1 46
     1 47                               
     1 48 PETTENGILL of Benton
     1 49 HF 611.208 82
     1 50 kh/es/8140

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