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 118 Original 2023 Regular Session Illg
Abstract: Requires public high school students successfully complete a one-semester personal
financial management course to graduate from high school.
Present law provides curricula requirements for high school career diploma programs. Requires
students to complete at least two social studies credits and specifies course choices. Proposed law
changes the social studies curriculum requirements to add a one-half unit course in personal financial
management. Otherwise retains present law.
Present law requires that all public school students receive instruction in personal financial
management and that such instruction is required for high school graduation. Provides that the State
Bd. of Elementary and Secondary Education shall adopt rules and guidelines; requires that the
instruction include specified components: income, money management, spending and credit, saving
and investing, and borrowing to fund postsecondary education.
Proposed law specifically requires successful completion of a one-half unit course in personal
financial management as a requirement for high school graduation. Proposed law adds this
requirement to the qualifications for TOPS and TOPS-Tech awards, which apply to graduates of
public and nonpublic schools.
Effective in part August 1, 2023; effective in part July 1, 2024.
(Amends R.S. 17:183.3(B)(2)(d), 270(B)(2), 5025(intro. para.) and (4)(intro. para.), and
5026(A)(4)(intro. para.); Adds R.S. 17:5025(4)(d), 5025.6, and 5026(A)(4)(c) and (E); Repeals R.S.
17:274.1(C)(2))