S-5031

   Amend Senate File 2258 as follows:
   1.  By striking everything after the enacting clause and inserting: 
   Section 1.  SHORT TITLE.  This Act shall be known and may be cited as the “Champion of Financial Literacy Act of 2014”.
   Sec. 2.  Section 256.9, Code 2014, is amended by adding the following new subsection:
   NEW SUBSECTION.  65.  a.  Develop and implement a voluntary program to recognize school districts and accredited nonpublic schools that participate in programs that promote financial literacy for high school students and that have the following characteristics:
   (1)  Capability for implementation without additional teacher training or cost to students or school districts or schools.
   (2)  Capability for implementation using both existing instructional time or time outside of the school day.
   (3)  Capability for implementation as both a new curriculum component or as a complement to existing curriculum components.
   (4)  Inclusion of a money management system for students.
   (5)  Inclusion of curriculum and supporting materials that can be personalized for students and that were developed through partnerships with financial literacy experts in the public, private, or nonprofit sector.
   (6)  Inclusion of newsletters that provide family members with weekly savings information and the opportunity to participate in their children’s activities in the program.
   (7)  Education of students in areas of financial literacy including but not limited to the following:
   (a)  Spending on necessities versus spending on discretionary matters.
   (b)  Creating a budget and spending goals.
   (c)  Banking and personal finance.
   (d)  Paying monthly bills and managing expenses on a set salary.
   (e)  Borrowing and use of credit cards.
   (f)  Opening and contributing to a savings account.
   (g)  Understanding financial aid and college expenses.
   (h)  Career planning.
   b.  The department shall select and make available a voluntary assessment that measures student achievement, based on the program developed and implemented pursuant to paragraph “a”, for use by school districts and schools. The department shall announce the selection of the assessment annually by August 1.
   c.  The governor or the department shall annually acknowledge school districts or schools in this state that demonstrate a proficient level of achievement in financial literacy as determined by at least seventy percent of their enrolled students in grades eleven and twelve or in grade twelve having completed the assessment with at least an eighty percent competency level.
   d.  The governor or the department shall annually recognize school districts or schools in this state that demonstrate a superior level of achievement in financial literacy as determined by at least eighty percent of their enrolled students in grades eleven and twelve or in grade twelve having completed the assessment with at least an eighty percent competency level. The governor or the department shall annually recognize school districts or schools in this state that demonstrate a superior level of achievement in financial literacy as champions of financial literacy.
   Sec. 3.  IMPLEMENTATION.  The department of education shall develop and implement the program provided for in this Act and select and provide the assessment provided for in this Act for use by school districts and schools by March 1, 2015.>
   2.  Title page, line 4, after <students> by inserting <and including implementation provisions>

______________________________
TOD R. BOWMAN

______________________________
ROBY SMITH