Senate File 2079 - Introduced



                                   SENATE FILE       
                                   BY  KETTERING


    Passed Senate, Date                Passed House,  Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act adding a personal finance literacy requirement to the
  2    education programs school districts and accredited nonpublic
  3    schools must offer to students in grades nine through twelve.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 6388XS 82
  6 kh/nh/8

PAG LIN



  1  1    Section 1.  Section 256.11, subsection 5, Code Supplement
  1  2 2007, is amended by adding the following new paragraph:
  1  3    NEW PARAGRAPH.  k.  One=half unit of personal finance
  1  4 literacy.
  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 of the state funding=related requirements of
  1 12 section 25B.2, subsection 3, and no additional state funding
  1 13 shall be necessary for the full implementation of this Act by
  1 14 and enforcement of this Act against all affected school
  1 15 districts.
  1 16                           EXPLANATION
  1 17    This bill requires school districts and accredited
  1 18 nonpublic schools to offer one=half unit of personal finance
  1 19 literacy in their grade nine=12 education program.  The Code
  1 20 provides that a unit of credit consists of a course or
  1 21 equivalent related components or partial units taught
  1 22 throughout the academic year.
  1 23    The bill may include a state mandate as defined in Code
  1 24 section 25B.3.  The bill requires that the state cost of any
  1 25 state mandate included in the bill be paid by a school
  1 26 district from state school foundation aid received by the
  1 27 school district under Code section 257.16.  The specification
  1 28 is deemed to constitute state compliance with any state
  1 29 mandate funding=related requirements of Code section 25B.2.
  1 30 The inclusion of this specification is intended to reinstate
  1 31 the requirement of political subdivisions to comply with any
  1 32 state mandates included in the bill.
  1 33 LSB 6388XS 82
  1 34 kh/nh/8