EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW.
[Brackets] indicate matter deleted from existing law.
*sb0414*
SENATE BILL 414
F1 4lr2011
CF HB 414
By: Senators Zucker, King, and Klausmeier
Introduced and read first time: January 18, 2024
Assigned to: Budget and Taxation
A BILL ENTITLED
AN ACT concerning 1
Education – Maryland Council on Economic Education – Funding 2
FOR the purpose of requiring the Governor to include a certain appropriation in certain 3
fiscal years to the Maryland Council on Economic Education for certain purposes; 4
and generally relating to funding for the Maryland Council on Economic Education. 5
BY adding to 6
Article – Education 7
Section 7–135 8
Annotated Code of Maryland 9
(2022 Replacement Volume and 2023 Supplement) 10
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 11
That the Laws of Maryland read as follows: 12
Article – Education 13
7–135. 14
(A) FOR EACH OF FISCAL YE ARS 2026 THROUGH 2028, THE GOVERNOR 15
SHALL INCLUDE IN THE ANNUAL BUDGET BILL A N APPROPRIATION OF $200,000 FOR 16
THE MARYLAND COUNCIL ON ECONOMIC EDUCATION TO SUPPORT ECONOMIC AND 17
FINANCIAL LITERACY E DUCATION OF SCHOOL –AGE CHILDREN IN THE STATE. 18
(B) THE FUNDING PROVIDED UNDER SUBSECTION (A) OF THIS SECTION MAY 19
BE USED ONLY TO : 20
(1) IMPROVE ECONOMIC AND PERSONAL F INANCE UNDERSTANDING 21
AMONG STUDENTS IN TH E STATE; 22 2 SENATE BILL 414
(2) PROVIDE FREE RESOURCE S AND PROFESSIONAL D EVELOPMENT 1
TO PUBLIC AND NONPUB LIC SCHOOL TEACHERS TO IMPROVE THE QUALI TY OF 2
FINANCIAL LITERACY I NSTRUCTION IN THE STATE; AND 3
(3) ASSIST THE LOCAL SCHO OL SYSTEM AND THE DEPARTMENT WITH 4
CURRICULUM DEVELOPME NT AND UPDATES FOR E CONOMIC AND FINANCIA L 5
INSTRUCTION FOR SCHO OLS IN THE STATE. 6
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 7
1, 2024. 8