House File 2012 - Introduced HOUSE FILE BY ZIRKELBACH Passed House, Date Passed Senate, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act requiring the incorporation of a personal finance course 2 into the high school curriculum. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 5112HH 82 5 ak/nh/5 PAG LIN 1 1 Section 1. Section 256.11, subsection 5, paragraph e, Code 1 2 Supplement 2007, is amended to read as follows: 1 3 e. Two additional units of mathematics, including one=half 1 4 unit of personal finance. 1 5 Sec. 2. STATE MANDATE FUNDING SPECIFIED. In accordance 1 6 with section 25B.2, subsection 3, the state cost of requiring 1 7 compliance with any state mandate included in this Act shall 1 8 be paid by a school district from state school foundation aid 1 9 received by the school district under section 257.16. This 1 10 specification of the payment of the state cost shall be deemed 1 11 to meet all the state funding=related requirements of section 1 12 25B.2, subsection 3, and no additional state funding shall be 1 13 necessary for the full implementation of this Act by and 1 14 enforcement of this Act against all affected school districts. 1 15 EXPLANATION 1 16 This bill requires that personal finance become a required 1 17 course in the high school curriculum. The bill requires that 1 18 a one=half unit of personal finance be required as part of the 1 19 two additional units of mathematics credits that a high school 1 20 offers in order for a public or nonpublic school to be 1 21 accredited by the department of education. 1 22 The bill may include a state mandate as defined in Code 1 23 section 25B.3. The bill requires that the state cost of any 1 24 state mandate included in the bill be paid by a school 1 25 district from state school foundation aid received by the 1 26 school district under Code section 257.16. The specification 1 27 is deemed to constitute state compliance with any state 1 28 mandate funding=related requirements of Code section 25B.2. 1 29 The inclusion of this specification is intended to reinstate 1 30 the requirement of political subdivisions to comply with any 1 31 state mandates included in the bill. 1 32 LSB 5112HH 82 1 33 ak/nh/5