EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW.
[Brackets] indicate matter deleted from existing law.
Underlining indicates amendments to bill.
Strike out indicates matter stricken from the bill by amendment or deleted from the law by
amendment.
*sb0414*
SENATE BILL 414
F1 4lr2011
CF HB 414
By: Senators Zucker, King, and Klausmeier Klausmeier, Bailey, Benson,
Corderman, Elfreth, Guzzone, Hettleman, Jackson, McCray, and Rosapepe
Introduced and read first time: January 18, 2024
Assigned to: Budget and Taxation
Committee Report: Favorable with amendments
Senate action: Adopted
Read second time: February 6, 2024
CHAPTER ______
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
2 SENATE BILL 414
(B) THE FUNDING PROVIDED UNDER SUBSECTION (A) OF THIS SECTION MAY 1
BE USED ONLY TO : 2
(1) IMPROVE ECONOMIC AND PERSONAL FINANCE UND ERSTANDING 3
AMONG STUDENTS IN TH E STATE; 4
(2) PROVIDE FREE RESOURCE S AND PROFESSIONAL D EVELOPMENT 5
TO PUBLIC AND NONPUB LIC SPECIAL EDUCATION SCHOOL TEACHERS TO I MPROVE 6
THE QUALITY OF FINAN CIAL LITERACY INSTRU CTION IN THE STATE; AND 7
(3) ASSIST THE LOCAL SCHO OL SYSTEM AND THE DEPARTMENT WITH 8
CURRICULUM DEVELOPMENT AN D UPDATES FOR ECONOM IC AND FINANCIAL 9
INSTRUCTION FOR SCHO OLS IN THE STATE. 10
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 11
1, 2024. 12
Approved:
________________________________________________________________________________
Governor.
________________________________________________________________________________
President of the Senate.
________________________________________________________________________________
Speaker of the House of Delegates.