DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of the
legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 401 Original 2016 Regular Session Reynolds
Abstract: Requires public elementary or secondary schools to offer instruction in personal financial
management.
Present law authorizes public elementary or secondary schools to offer instruction in personal
financial management based on the concept of achieving financial literacy through the teaching of
personal management skills and the basic principles involved with earning, spending, saving, and
investing.
Present law requires the State Bd. of Elementary and Secondary Education (BESE) to adopt rules
and guidelines for implementation of present law.
Proposed law requires, rather than authorizes, public elementary or secondary schools to offer
instruction in personal financial management; otherwise retains present law.
(Amends R.S. 17:282.3(B)(1))