Senate
File
2258
-
Introduced
SENATE
FILE
2258
BY
COMMITTEE
ON
EDUCATION
(SUCCESSOR
TO
SF
2219)
A
BILL
FOR
An
Act
providing
for
a
voluntary
program
to
recognize
school
1
districts
and
accredited
nonpublic
schools
that
participate
2
in
programs
that
promote
financial
literacy
for
high
school
3
students.
4
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
5
TLSB
5997SV
(1)
85
je/sc
S.F.
2258
Section
1.
Section
256.9,
Code
2014,
is
amended
by
adding
1
the
following
new
subsection:
2
NEW
SUBSECTION
.
65.
a.
Develop
and
implement
a
voluntary
3
program
to
recognize
school
districts
and
accredited
nonpublic
4
schools
that
participate
in
programs
that
promote
financial
5
literacy
for
high
school
students
and
that
have
the
following
6
characteristics:
7
(1)
Alignment
with
the
state’s
core
curriculum
and
core
8
content
requirements
and
standards
and
standards
developed
9
by
the
United
States
department
of
the
treasury,
financial
10
literacy
and
education
commission.
11
(2)
Capability
for
implementation
without
additional
12
teacher
training
or
cost
to
students
or
school
districts
or
13
schools.
14
(3)
Capability
for
implementation
using
both
existing
15
instructional
time
or
time
outside
of
the
school
day.
16
(4)
Capability
for
implementation
as
both
a
new
curriculum
17
component
or
as
a
complement
to
existing
curriculum
components.
18
(5)
Inclusion
of
a
money
management
system
for
students.
19
(6)
Inclusion
of
curriculum
and
supporting
materials
that
20
can
be
personalized
for
students
and
that
were
developed
21
through
partnerships
with
financial
literacy
experts
in
the
22
public,
private,
or
nonprofit
sectors.
23
(7)
Inclusion
of
newsletters
that
provide
families
with
24
weekly
savings
information
and
the
opportunity
to
participate
25
in
their
children’s
activities
in
the
program.
26
(8)
Education
of
students
in
areas
of
financial
literacy
27
including
but
not
limited
to
the
following:
28
(a)
Spending
on
necessities
versus
spending
on
29
discretionary
matters.
30
(b)
Creating
a
budget
and
spending
goals.
31
(c)
Banking
and
personal
finance.
32
(d)
Paying
monthly
bills
and
managing
expenses
on
a
set
33
salary.
34
(e)
Borrowing
and
use
of
credit
cards.
35
-1-
LSB
5997SV
(1)
85
je/sc
1/
2
S.F.
2258
(f)
Understanding
financial
aid
and
college
expenses.
1
(g)
Career
planning.
2
b.
The
governor
or
the
department
shall
annually
recognize
3
school
districts
or
schools
in
the
state
that
demonstrate
that
4
ninety
percent
of
their
enrolled
students
in
grade
twelve
have
5
completed
an
assessment
based
on
the
program
developed
and
6
implemented
pursuant
to
paragraph
“
a”
with
at
least
an
eighty
7
percent
competency
level.
8
EXPLANATION
9
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
10
the
explanation’s
substance
by
the
members
of
the
general
assembly.
11
This
bill
directs
the
director
of
the
department
of
12
education
to
develop
and
implement
a
voluntary
program
to
13
recognize
school
districts
and
accredited
nonpublic
schools
14
that
participate
in
programs
that
promote
financial
literacy
15
for
high
school
students
and
that
have
characteristics
16
specified
in
the
bill.
Such
characteristics
include
alignment
17
with
the
state’s
core
curriculum
and
core
content
requirements
18
and
standards
and
standards
developed
by
the
United
States
19
department
of
the
treasury,
financial
literacy
and
education
20
commission;
capability
for
implementation
without
additional
21
teacher
training
or
cost
to
students
or
school
districts
or
22
schools;
capability
for
implementation
using
both
existing
23
instructional
time
or
time
outside
of
the
school
day;
inclusion
24
of
a
money
management
system
for
students;
and
education
of
25
students
in
certain
areas
of
financial
literacy.
26
The
bill
directs
the
governor
or
the
department
to
annually
27
recognize
school
districts
or
schools
in
the
state
that
28
demonstrate
that
90
percent
of
their
enrolled
students
in
grade
29
12
have
completed
an
assessment
based
on
the
program
developed
30
and
implemented
pursuant
to
the
bill
with
at
least
an
80
31
percent
competency
level.
32
-2-
LSB
5997SV
(1)
85
je/sc
2/
2