Senate File 2258 S-5031 Amend Senate File 2258 as follows: 1 1. By striking everything after the enacting clause 2 and inserting: 3 < Section 1. SHORT TITLE. This Act shall be known 4 and may be cited as the “Champion of Financial Literacy 5 Act of 2014”. 6 Sec. 2. Section 256.9, Code 2014, is amended by 7 adding the following new subsection: 8 NEW SUBSECTION . 65. a. Develop and implement 9 a voluntary program to recognize school districts 10 and accredited nonpublic schools that participate 11 in programs that promote financial literacy for 12 high school students and that have the following 13 characteristics: 14 (1) Capability for implementation without 15 additional teacher training or cost to students or 16 school districts or schools. 17 (2) Capability for implementation using both 18 existing instructional time or time outside of the 19 school day. 20 (3) Capability for implementation as both a new 21 curriculum component or as a complement to existing 22 curriculum components. 23 (4) Inclusion of a money management system for 24 students. 25 (5) Inclusion of curriculum and supporting 26 materials that can be personalized for students and 27 that were developed through partnerships with financial 28 literacy experts in the public, private, or nonprofit 29 sector. 30 (6) Inclusion of newsletters that provide family 31 members with weekly savings information and the 32 opportunity to participate in their children’s 33 activities in the program. 34 (7) Education of students in areas of financial 35 literacy including but not limited to the following: 36 (a) Spending on necessities versus spending on 37 discretionary matters. 38 (b) Creating a budget and spending goals. 39 (c) Banking and personal finance. 40 (d) Paying monthly bills and managing expenses on a 41 set salary. 42 (e) Borrowing and use of credit cards. 43 (f) Opening and contributing to a savings account. 44 (g) Understanding financial aid and college 45 expenses. 46 (h) Career planning. 47 b. The department shall select and make available a 48 voluntary assessment that measures student achievement, 49 based on the program developed and implemented pursuant 50 -1- SF2258.3049 (2) 85 je/rj 1/ 2 #1.
to paragraph “a” , for use by school districts and 1 schools. The department shall announce the selection 2 of the assessment annually by August 1. 3 c. The governor or the department shall annually 4 acknowledge school districts or schools in this state 5 that demonstrate a proficient level of achievement in 6 financial literacy as determined by at least seventy 7 percent of their enrolled students in grades eleven 8 and twelve or in grade twelve having completed the 9 assessment with at least an eighty percent competency 10 level. 11 d. The governor or the department shall annually 12 recognize school districts or schools in this state 13 that demonstrate a superior level of achievement in 14 financial literacy as determined by at least eighty 15 percent of their enrolled students in grades eleven 16 and twelve or in grade twelve having completed the 17 assessment with at least an eighty percent competency 18 level. The governor or the department shall annually 19 recognize school districts or schools in this state 20 that demonstrate a superior level of achievement in 21 financial literacy as champions of financial literacy. 22 Sec. 3. IMPLEMENTATION. The department of 23 education shall develop and implement the program 24 provided for in this Act and select and provide the 25 assessment provided for in this Act for use by school 26 districts and schools by March 1, 2015. > 27 2. Title page, line 4, after < students > by 28 inserting < and including implementation provisions > 29 ______________________________ TOD R. BOWMAN ______________________________ ROBY SMITH -2- SF2258.3049 (2) 85 je/rj 2/ 2 #2.