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 -1-