New York Assembly Bill A10035 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 10035  IN ASSEMBLY May 2, 2024 ___________ Introduced by M. of A. CONRAD -- read once and referred to the Committee on Education AN ACT to amend the education law, in relation to establishing a state seal of financial literacy The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The education law is amended by adding a new section 815-a 2 to read as follows: 3 § 815-a. State seal of financial literacy. 1. (a) The state seal of 4 financial literacy is established to recognize high school graduates who 5 have attained a high level of proficiency in personal finance, budget 6 management, and investment. The state seal of financial literacy shall 7 be awarded by the commissioner. School district participation in this 8 program is voluntary. 9 (b) The purposes of the state seal of financial literacy are as 10 follows: 11 (1) To encourage pupils to study the principles of personal finance. 12 (2) To certify attainment of financial literacy. 13 (3) To provide employers with a method of identifying people with 14 financial literacy skills. 15 (4) To provide universities with an additional method to recognize 16 applicants seeking admission. 17 (5) To prepare pupils with twenty-first century skills. 18 (6) To recognize the value of students demonstrating the financial 19 knowledge, skills, and abilities required to manage personal finances in 20 our public schools. 21 2. (a) The state seal of financial literacy certifies attainment of a 22 high level of proficiency by a graduating high school pupil in financial 23 literacy. 24 (b) The board of regents shall promulgate such regulations of the 25 commissioner as may be necessary to establish the criteria that students 26 must achieve to earn a state seal of financial literacy, which may 27 include, but is not limited to attainment of units of credit in social 28 studies or economics. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15330-01-4 
 A. 10035 2 1 3. The commissioner shall do both of the following: 2 (a) Prepare and deliver to participating school districts an appropri- 3 ate insignia to be affixed to the diploma and transcript of the pupil 4 indicating that the pupil has been awarded a state seal of financial 5 literacy by the commissioner. 6 (b) Provide other information the commissioner deems necessary for 7 school districts to successfully participate in the program. 8 4. A school district that participates in the program under this 9 section shall do both of the following: 10 (a) Maintain appropriate records in order to identify pupils who have 11 earned a state seal of financial literacy. 12 (b) Affix the appropriate insignia to the diploma and transcript of 13 each pupil who earns a state seal of financial literacy. 14 5. No fee shall be charged to a pupil pursuant to this section. 15 § 2. This act shall take effect on the first of September next 16 succeeding the date on which it shall have become a law.