S-5294

   Amend Senate File 2415 as follows:
   1.  Page 3, line 29, by striking <$47,007,171> and inserting <$46,630,951>
   2.  Page 4, by striking lines 3 through 22.
   3.  Page 6, line 19, by striking <29.00> and inserting <29.00>
   4.  Page 6, by striking line 20.
   5.  Page 10, line 13, after <distribution to> by inserting <the Iowa testing program by the department of education on behalf of>
   6.  By striking page 13, line 22, through page 14, line 15, and inserting: 
   <...................................................................... $ 10,000,076

   b.  Merged Area II
   ...................................................................... $ 10,146,364

   c.  Merged Area III
   ...................................................................... $  9,391,092

   d.  Merged Area IV
   ...................................................................... $  4,619,543

   e.  Merged Area V
   ...................................................................... $ 11,469,504

   f.  Merged Area VI
   ...................................................................... $  9,000,646

   g.  Merged Area VII
   ...................................................................... $ 13,668,239

   h.  Merged Area IX
   ...................................................................... $ 17,312,504

   i.  Merged Area X
   ...................................................................... $ 31,691,864

   j.  Merged Area XI
   ...................................................................... $ 33,916,985

   k.  Merged Area XII
   ...................................................................... $ 11,242,657

   l.  Merged Area XIII
   ...................................................................... $ 12,204,008

   m.  Merged Area XIV
   ...................................................................... $  4,708,909

   n.  Merged Area XV
   ...................................................................... $ 14,776,328

   o.  Merged Area XVI
   ...................................................................... $  8,542,170>
   7.  Page 20, line 15, by striking <4.47> and inserting <5.50>
   8.  Page 23, by striking lines 4 through 28 and inserting: 
   <Sec. ___.  Section 256.11, subsection 5, paragraph k, as enacted by 2018 Iowa Acts, Senate File 475, section 20, is amended to read as follows:
   k.  One-half unit of personal finance literacy. All students shall complete at least one-half unit of personal finance literacy as a condition of graduation.
   (1)  The curriculum shall, at a minimum, address the following:
   (1)  (a)  Savings, including emergency fund, purchases, and wealth building.
   (2)  (b)  Understanding investments, including compound and simple interest, liquidity, diversification, risk return ratio, certificates of deposit, money market accounts, single stocks, bonds, mutual funds, rental real estate, annuities, commodities, and futures.
   (3)  (c)  Wealth building and college planning, including long-term and short-term investing using tax-favored plans, individual retirement accounts and payments from such accounts, employer-sponsored retirement plans and investments, public and private educational savings accounts, and uniform gifts and transfers to minors.
   (4)  (d)  Credit and debt, including credit cards, payday lending, rent-to-own transactions, debt consolidation, automobile leasing, cosigning a loan, debt avoidance, and the marketing of debt, especially to young people.
   (5)  (e)  Consumer awareness of the power of marketing on buying decisions including zero percent interest offers; marketing methods, including product positioning, advertising, brand recognition, and personal selling; how to read a credit report and correct inaccuracies; how to build a credit score; how to develop a plan to deal with creditors and avoid bankruptcy; and the federal Fair Debt Collection Practices Act.
   (6)  (f)  Financial responsibility and money management, including creating and living on a written budget and balancing a checkbook; basic rules of successful negotiating and techniques; and personality or other traits regarding money.
   (7)  (g)  Insurance, risk management, income, and career decisions, including career choices that fit personality styles and occupational goals, job search strategies, cover letters, resumes, interview techniques, payroll taxes and other income withholdings, and revenue sources for federal, state, and local governments.
   (8)  (h)  Different types of insurance coverage including renters, homeowners, automobile, health, disability, long-term care, identity theft, and life insurance; term life, cash value and whole life insurance; and insurance terms such as deductible, stop loss, elimination period, replacement coverage, liability, and out-of-pocket.
   (9)  (i)  Buying, selling, and renting advantages and disadvantages relating to real estate, including adjustable rate, balloon, conventional, government-backed, reverse, and seller-financed mortgages.
   (2)  (a)  One-half unit of personal finance literacy may count as one-half unit of social studies in meeting the requirements of paragraph “b”, though the teacher providing personal finance literacy coursework that counts as one-half unit of social studies need not hold a social studies endorsement.
   (b)  Units of coursework that meet the requirements of any combination of coursework required under paragraphs “b”, “d”, “e”, or “h” and incorporate the curriculum required under subparagraph (1) shall be deemed to satisfy the offer and teach requirements of this paragraph “k” and a student who completes such units shall be deemed to have met the graduation requirement of this paragraph “k”.>
   9.  Page 25, by striking lines 5 and 6 and inserting: 
   <Sec. ___.  Section 261.25, subsection 2, Code 2018, is amended to read as follows:
   2.  There is appropriated from the general fund of the state to the commission for each fiscal year the sum of one million five three hundred seventy-six thousand two hundred twenty dollars for tuition grants for qualified students who are enrolled in eligible institutions. Of the moneys appropriated under this subsection, not more than eighty thousand dollars annually shall be used for tuition grants to qualified students who are attending an eligible institution under section 261.9, subsection 3, paragraph “b”.>
   10.  Page 25, line 11, by striking <available> and inserting <nonrepayable>
   11.  Page 25, line 12, after <aid> by inserting <for which the member is eligible>
   12.  By striking page 25, line 13, through page 26, line 8.
   13.  Page 29, line 12, by striking <fifty miles> and inserting <twenty miles>
   14.  Page 34, by striking line 2.
   15.  By striking page 35, line 34, through page 36, line 2, and inserting: 
   <c.  For accelerated career education program capital projects at community colleges that are authorized under chapter 260G and that meet the definition of the term “vertical infrastructure” in section 8.57, subsection 5, paragraph “c”:>
   16.  Page 36, line 4, by striking <5,000,000> and inserting <6,000,000>
   17.  Page 36, after line 4 by inserting: 
   <Moneys appropriated in this lettered paragraph shall be disbursed pursuant to section 260G.6, subsection 3. Projects that qualify for moneys appropriated in this lettered paragraph shall include at least one of the following:
   (1)  Accelerated career education program capital projects.
   (2)  Major renovations and major repair needs, including health, life, and fire safety needs, including compliance with the federal Americans With Disabilities Act.
   (3)  Projects that meet the requirements under chapter 260G and related projects located at a community college whose campus is located in a city with a population, according to the 2010 federal decennial census, between 99,000 and 100,000. The prohibition against lease payment under section 8.57, subsection 5, paragraph “c”, shall not apply to projects authorized under this subparagraph (3). The provisions of this subparagraph (3) shall also apply to any moneys which remain unobligated and unencumbered and were appropriated in prior years for purposes of this lettered paragraph to such community college. The provisions of this subparagraph (3) are not applicable or effective after June 30, 2019.>
   18.  By renumbering as necessary.

______________________________
TIM KRAAYENBRINK