ECS
From the ECS State Policy Database
2007 State Policies / Activities

Education Commission of the States • 700 Broadway, Suite 810 • Denver, CO 80203-3442 • 303.299.3600 • fax 303.296.8332 • www.ecs.org

The following summary includes policies enacted in 2007. This database is made possible by your state's fiscal support of the Education Commission of the States (ECS). Most entries are legislative, although rules/regulations and executive orders that make substantive changes are included. Every effort is made to collect the latest available version of policies; in some instances, recent changes might not be reflected. For expediency purposes minimal attention has been paid to style (capitalization, punctuation) and format. To view the documents, click on the blue triangle next to the topic of interest. To view all, press the button located at the top labeled "Expand All."

Please cite use of the database as: Education Commission of the States (ECS) State Policy Database, retrieved [date].

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OKAdopted 10/2007P-12Amends rules to require public schools to provide personal financial literacy education in grades 7-12. Outlines 14 areas of instruction that the student must demonstrate satisfactory completion in order to obtain a Passport to Financial Literacy, which will be required to graduate with a standard diploma. OKLAHOMA 14926
Title: OAC 210:35-9-31
Source: Lexis-Nexis/StateNet

ORSigned into law 07/2007P-12Creates a Task Force on Civics and Financial Education to study and make recommendations about how to increase and improve civics and financial education in kindergarten through grade 12 public schools.
http://www.leg.state.or.us/07reg/measpdf/hb2500.dir/hb2584.en.pdf
Title: H.B. 2584
Source: http://www.leg.state.or.us

RIPassed 07/2007P-12Creates a special legislative commission whose purpose it would be to study the status and future of youth personal financial education in the state's middle and high schools.
Title: H.B. 6235
Source: Lexis-Nexis/StateNet

OKSigned into law 06/2007P-12Requires personal financial literacy education to be taught in public schools in the state; lists areas of instruction; directs school districts to provide personal financial literacy instruction; provides for integration of instruction into existing courses; grants school districts certain options; directs the state board to adopt curriculum standards for personal financial literacy; encourages the State Textbook Committee to adopt certain textbooks. Beginning with students entering the seventh grade in the 2008-2009 school year, in order to graduate from a public high school accredited by the state board with a standard diploma, students must fulfill the requirements for a personal financial literacy passport.
http://webserver1.lsb.state.ok.us/2007-08bills/HB/HB1476_ENR.RTF
Title: H.B. 1476
Source: http://webserver1.lsb.state.ok.us

NDSigned into law 05/2007P-12Increases funding for for the Department of Career & Technical Education by $4.9 million, 29 percent over from the previous biennium. The $4.9 million in this legislation is part of a total $8 million increase in workforce training funds coordinated between K-12 education, the University System, Commerce Department, Job Services North Dakota and the Department of Career and Technical Education. Creates a North Dakota elementary student entrepreneurship program under the authority of the state board. Requires the state board to adopt policies to create a program of grants to support entrepreneurship education that is coordinated with classroom curriculum, standards, and activities encouraging and showcasing entrepreneurial activities at the elementary education level. The grants must be administered through local school districts and require matching funds of up to fifty percent of the curriculum and activity costs. Defines membership of the Workforce Enhancement Council: The private sector members of the workforce development council, the director of the department of career and technical education, and the director of the division of workforce development, who shall serve as chairman. Establishes procedures for how the Council will approve grants.
http://www.legis.nd.gov/assembly/60-2007/bill-text/HQML0500.pdf
Title: H.B. 1019
Source: http://www.legis.nd.gov/

TNSigned into law 05/2007P-12Removes the provision in the junior and senior high school curriculum that permits a course on personal finance to satisfy the instruction requirement on the free enterprise system. Present law requires the state board of education to establish a program of instruction for the public high schools on the essentials of the free enterprise system. Instruction must be given in Accordance with the course of study prescribed by the state board for at least one semester, equal to one half unit of credit. Present law provides that successful student participation in a one-half unit course on personal finance will render the student eligible for the one-half unit of credit. This bill deletes this provision.
http://www.legislature.state.tn.us/bills/currentga/BILL/HB1944.pdf
Title: H.B. 1944
Source: http://www.legislature.state.tn.us

NMSigned into law 04/2007P-12Requires that financial literacy be offered as a high school elective.
http://legis.state.nm.us/Sessions/07%20Regular/final/HB1205.pdf
Title: H.B. 1205
Source: http://legis.state.nm.us/

WASigned into law 04/2007P-12Provides that, to the extent funds are appropriated or are available for this purpose, the superintendent of public instruction and other members of the partnership created in RCW 28A.300.455 shall make available to school districts the list of identified financial literacy skills and knowledge, instructional materials, assessments, and other relevant information.
Encourages each school district to provide its students with an opportunity to master the financial literacy skills and knowledge developed under RCW 28A.300.460. Provides that it is not necessary to evaluate and apply the office of the superintendent of public instruction essential academic learning requirements or to develop grade level expectations. Provides that the financial literacy public-private partnership expires June 30, 2009.
http://www.leg.wa.gov/pub/billinfo/2007-08/Pdf/Bills/House%20Passed%20Legislature/1980-S2.PL.pdf
Title: H.B. 1980
Source: Lexis-Nexis/StateNet

IDAdopted 03/2007P-12Recognizes the importance of basic financial education and business-oriented educational programs for all citizens. Urges the state board of education to begin:

(1) Exploring ways to include in the public school curricula a financial literacy program that includes such topics as budgeting, consumer economics, insurance, saving, money management, investing principles, managing credit, monetary policy, financial planning, retirement savings, consumer loans and mortgages; and
(2) Reviewing existing financial literacy programs and materials, with the aim of formalizing personal financial management as a requirement for graduation.

http://www3.state.id.us/oasis/HCR010.html
Title: H.C.R. 10
Source: www3.state.id.us

VASigned into law 02/2007Postsec.Expands economic education and financial literacy programs at public institutions of higher education to include subjects in savings and investments, predatory lending practices and interest rates, consumer fraud, and identity theft and protection. http://leg1.state.va.us/cgi-bin/legp504.exe?071+ful+HB2513ER
Title: H.B. 2513
Source: Lexis-Nexis/StateNet

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