OK
Oklahoma Senate Bill SB213

Oklahoma 2023 Regular Session

Oklahoma Senate Bill SB213 Compare Versions

Only one version of the bill is available at this time.
OldNewDifferences
11
22
33
44 Req. No. 803 Page 1 1
55 2
66 3
77 4
88 5
99 6
1010 7
1111 8
1212 9
1313 10
1414 11
1515 12
1616 13
1717 14
1818 15
1919 16
2020 17
2121 18
2222 19
2323 20
2424 21
2525 22
2626 23
2727 24
2828 1
2929 2
3030 3
3131 4
3232 5
3333 6
3434 7
3535 8
3636 9
3737 10
3838 11
3939 12
4040 13
4141 14
4242 15
4343 16
4444 17
4545 18
4646 19
4747 20
4848 21
4949 22
5050 23
5151 24
5252
5353 STATE OF OKLAHOMA
5454
5555 1st Session of the 59th Legislature (2023)
5656
5757 SENATE BILL 213 By: Seifried
5858
5959
6060
6161
6262
6363 AS INTRODUCED
6464
6565 An Act relating to schools; amending 70 O.S. 2021,
6666 Section 11-103.6h, which relates to the Passport to
6767 Financial Literacy Act ; updating statutory reference;
6868 requiring personal financial literacy to be t aught by
6969 certain teachers beginning in certain school year;
7070 amending 70 O.S. 2021, Section 1 1-103.6h-1, which
7171 relates to the Personal Financial Literacy Education
7272 Revolving Fund; updating statutory reference;
7373 providing an effective date; and declaring an
7474 emergency.
7575
7676
7777
7878
7979 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
8080 SECTION 1. AMENDATORY 70 O.S. 2021, Section 11-103.6h,
8181 is amended to read as follows:
8282 Section 11-103.6h. A. Personal financial literacy education
8383 shall be taught in the public schools of this state. Personal
8484 financial literacy education shall include, but is not limited to,
8585 the following areas of instruction:
8686 1. Understanding interest, c redit card debt, and online
8787 commerce;
8888 2. Rights and responsibilities of renting or buying a home;
8989 3. Savings and investing;
9090
9191
9292 Req. No. 803 Page 2 1
9393 2
9494 3
9595 4
9696 5
9797 6
9898 7
9999 8
100100 9
101101 10
102102 11
103103 12
104104 13
105105 14
106106 15
107107 16
108108 17
109109 18
110110 19
111111 20
112112 21
113113 22
114114 23
115115 24
116116 1
117117 2
118118 3
119119 4
120120 5
121121 6
122122 7
123123 8
124124 9
125125 10
126126 11
127127 12
128128 13
129129 14
130130 15
131131 16
132132 17
133133 18
134134 19
135135 20
136136 21
137137 22
138138 23
139139 24
140140
141141 4. Planning for retirement;
142142 5. Bankruptcy;
143143 6. Banking and financial services ;
144144 7. Managing a bank account;
145145 8. Understanding th e Free Application for Federal Student Aid
146146 (FAFSA), loans, and borrowing money, including predatory le nding and
147147 payday loans;
148148 9. Understanding insurance;
149149 10. Identity fraud and theft;
150150 11. Charitable giving;
151151 12. Understanding the financial impact and co nsequences of
152152 gambling;
153153 13. Earning an income; and
154154 14. Understanding state and federal taxes.
155155 B. In order to graduate from a public high school accredited by
156156 the State Board of Education with a standard diploma, students shall
157157 fulfill the requirements f or a personal financial literacy passport.
158158 The requirements for a personal financial literacy passpor t shall be
159159 satisfactory completion in all areas of instruction in personal
160160 financial literacy as listed in subsection A of this section during
161161 grades seven through twelve or demonstration of satisfactory
162162 knowledge as provided for in subsection E of this se ction.
163163 C. School districts shall provide instruction in personal
164164 financial literacy to students during grades seven through twelve.
165165
166166
167167 Req. No. 803 Page 3 1
168168 2
169169 3
170170 4
171171 5
172172 6
173173 7
174174 8
175175 9
176176 10
177177 11
178178 12
179179 13
180180 14
181181 15
182182 16
183183 17
184184 18
185185 19
186186 20
187187 21
188188 22
189189 23
190190 24
191191 1
192192 2
193193 3
194194 4
195195 5
196196 6
197197 7
198198 8
199199 9
200200 10
201201 11
202202 12
203203 13
204204 14
205205 15
206206 16
207207 17
208208 18
209209 19
210210 20
211211 21
212212 22
213213 23
214214 24
215215
216216 School districts sha ll have the option of determining when each area
217217 of instruction listed in subsection A of this section shall be
218218 presented to students.
219219 D. Personal financial literacy instruction shall be integrated
220220 into one or more existing courses of study or provided in a separate
221221 personal financial literacy course. School districts shall have the
222222 option of determining into which course or courses each area of
223223 instruction listed in subsection A of this section shall be
224224 integrated.
225225 E. Students with the most significant cognitive disabilities
226226 (MSCD) who have an Individualized Education Program individualized
227227 education program (IEP) that directs that the student is to be
228228 assessed with alternate achievements standards through the Oklahoma
229229 Alternative Assessment Program may demonstrate satisfactory
230230 knowledge in each area of instruction listed in subsection A of this
231231 section upon a determination, supported b y documentation, by the
232232 school district that the student has met the following criteria:
233233 1. Receives substantive and substantial instruction in life -
234234 skills curriculum; and
235235 2. Demonstrates the acquired knowledge of the student with MSCD
236236 by alternate measures as required by the IEP.
237237 F. The State Board of Education shal l identify and adopt
238238 curriculum standards for personal financial literacy instruction
239239 that reflect the areas of instruction listed in subsection A of this
240240
241241
242242 Req. No. 803 Page 4 1
243243 2
244244 3
245245 4
246246 5
247247 6
248248 7
249249 8
250250 9
251251 10
252252 11
253253 12
254254 13
255255 14
256256 15
257257 16
258258 17
259259 18
260260 19
261261 20
262262 21
263263 22
264264 23
265265 24
266266 1
267267 2
268268 3
269269 4
270270 5
271271 6
272272 7
273273 8
274274 9
275275 10
276276 11
277277 12
278278 13
279279 14
280280 15
281281 16
282282 17
283283 18
284284 19
285285 20
286286 21
287287 22
288288 23
289289 24
290290
291291 section. The standards shall be inc orporated into the state
292292 academic content standards adopted by th e Board pursuant to Section
293293 11-103.6 of this title.
294294 G. The State Department of Education shall:
295295 1. Develop guidelines and material designed to enable schools
296296 to infuse personal financial li teracy within any course of study
297297 currently offered by the school district or offer personal financial
298298 literacy as a separate course. The guidelines shall outline the
299299 areas of instruction to be taught based on the curriculum standards
300300 adopted by the Board ;
301301 2. Develop professional development programs that are designed
302302 to help teachers provide instruction in personal financial literacy
303303 and incorporate the curriculum into an existing course or courses or
304304 develop curriculum for a separate personal financial literacy
305305 course;
306306 3. Provide and identify resources , including online curricula,
307307 for integrating the te aching of personal financial literacy into an
308308 existing course or courses of study or for developing a separate
309309 personal financial literacy course. Any o nline curricula provided
310310 or identified by the Department shall in clude an assessment
311311 component for each area of instruction listed in subsection A of
312312 this section;
313313 4. Provide and identify resources , including online curricula ,
314314 and materials designed to e nable students identified as English
315315
316316
317317 Req. No. 803 Page 5 1
318318 2
319319 3
320320 4
321321 5
322322 6
323323 7
324324 8
325325 9
326326 10
327327 11
328328 12
329329 13
330330 14
331331 15
332332 16
333333 17
334334 18
335335 19
336336 20
337337 21
338338 22
339339 23
340340 24
341341 1
342342 2
343343 3
344344 4
345345 5
346346 6
347347 7
348348 8
349349 9
350350 10
351351 11
352352 12
353353 13
354354 14
355355 15
356356 16
357357 17
358358 18
359359 19
360360 20
361361 21
362362 22
363363 23
364364 24
365365
366366 language learners to underst and and use the personal financial
367367 literacy information presented; and
368368 5. Utilize funds deposited into the Personal Financial Literacy
369369 Education Revolving Fund created in Section 3 11-103.6h-1 of this
370370 act title for the purpose of and to fund the Passport to Financial
371371 Literacy Act. Such funds may be used for developing and providing
372372 guidelines, materials , and resources for personal financial literacy
373373 for students and teachers including, but n ot limited to, online
374374 curricula, training, and professional devel opment for teachers in
375375 the area of personal financial literacy as required in this
376376 subsection. The Department may use such funds to contract or work
377377 in conjunction with a third -party, Oklahoma-based not-for-profit
378378 organization that has proven expertise in the development of
379379 standards and curricula. The Department may further use a third -
380380 party organization to deliver professional development for teachers
381381 in the area of personal financial lite racy.
382382 H. The Department may work wit h one or more not-for-profit
383383 organizations that have proven experti se in the development of
384384 standards and curriculum and delivery of teacher professional
385385 development in personal financial literacy for the purpose of
386386 developing and providing guidelines, mat erials, resources, including
387387 online curricula, and professional dev elopment.
388388 I. 1. For students who transfer into an Oklahoma school
389389 district from out of state after the seventh grade, school districts
390390
391391
392392 Req. No. 803 Page 6 1
393393 2
394394 3
395395 4
396396 5
397397 6
398398 7
399399 8
400400 9
401401 10
402402 11
403403 12
404404 13
405405 14
406406 15
407407 16
408408 17
409409 18
410410 19
411411 20
412412 21
413413 22
414414 23
415415 24
416416 1
417417 2
418418 3
419419 4
420420 5
421421 6
422422 7
423423 8
424424 9
425425 10
426426 11
427427 12
428428 13
429429 14
430430 15
431431 16
432432 17
433433 18
434434 19
435435 20
436436 21
437437 22
438438 23
439439 24
440440
441441 shall assess the knowledge of the student in each of the areas of
442442 instruction listed in subsection A of this section. If the school
443443 district determines that the transferred student has successfully
444444 completed instruction in any or all of the areas of personal
445445 financial literacy instruction at a previous sch ool in which the
446446 student was enrolled or if the student demonstrate s satisfactory
447447 knowledge of any or all of the areas of personal financial literacy
448448 instruction through an assessment, the school district may exempt
449449 the student from completing instruction in that area of personal
450450 financial literary instruction. School di stricts may use the
451451 assessment contained in the online curricula provided or identified
452452 by the State Department of Education pursuant to subsection G of
453453 this section to determine the person al financial literacy knowle dge
454454 level of the student. School distr icts may also use the online
455455 curricula to present an area of instruction to transferred students
456456 who have not completed or who did not demonstrate satis factory
457457 knowledge in one or more of t he areas of personal financi al literacy
458458 instruction.
459459 2. For students who transfer into an Oklahoma school district
460460 from out of state after the junior year of high school, school
461461 districts may make an exception to the r equirements for a personal
462462 financial literacy passport pursuant t o the provisions of Section
463463 11-103.6 of this title.
464464
465465
466466 Req. No. 803 Page 7 1
467467 2
468468 3
469469 4
470470 5
471471 6
472472 7
473473 8
474474 9
475475 10
476476 11
477477 12
478478 13
479479 14
480480 15
481481 16
482482 17
483483 18
484484 19
485485 20
486486 21
487487 22
488488 23
489489 24
490490 1
491491 2
492492 3
493493 4
494494 5
495495 6
496496 7
497497 8
498498 9
499499 10
500500 11
501501 12
502502 13
503503 14
504504 15
505505 16
506506 17
507507 18
508508 19
509509 20
510510 21
511511 22
512512 23
513513 24
514514
515515 J. The State Textbook Committee created in Section 16 -101 of
516516 this title may, when selecting textbooks for mathematics, economics,
517517 or similar courses, select those textbooks wh ich contain substantive
518518 provisions on personal finance.
519519 K. In Beginning with the 2024-2025 school year, in order to
520520 deliver high-quality consistent personal financial literacy
521521 instruction, school districts shall to the extent possible assign
522522 the responsibility fo r teaching personal financial literacy to the
523523 same teacher or teachers on a continuing basis with certification in
524524 agricultural education, business and information technology,
525525 economics, family and consumer science, history and social studies,
526526 or mathematics or teachers who have been credentialed by the State
527527 Board of Education to teach personal financial literacy .
528528 L. Beginning with the 2020 -2021 school year, all teachers who
529529 are assigned the responsibility for teaching personal financial
530530 literacy shall complete ongoing profe ssional development training in
531531 the areas of personal financial literacy instruction in accordance
532532 with guidelines established by the State Department of Education.
533533 SECTION 2. AMENDATORY 70 O.S. 2021, Section 1 1-103.6h-1,
534534 is amended to read as follows:
535535 Section 11-103.6h-1. There is hereby created in the State
536536 Treasury a revolving fund for the State Department of Education to
537537 be designated the “Personal Financial Literacy Education Revolving
538538 Fund”. The fund shall be a continuing f und, not subject to fiscal
539539
540540
541541 Req. No. 803 Page 8 1
542542 2
543543 3
544544 4
545545 5
546546 6
547547 7
548548 8
549549 9
550550 10
551551 11
552552 12
553553 13
554554 14
555555 15
556556 16
557557 17
558558 18
559559 19
560560 20
561561 21
562562 22
563563 23
564564 24
565565 1
566566 2
567567 3
568568 4
569569 5
570570 6
571571 7
572572 8
573573 9
574574 10
575575 11
576576 12
577577 13
578578 14
579579 15
580580 16
581581 17
582582 18
583583 19
584584 20
585585 21
586586 22
587587 23
588588 24
589589
590590 year limitations, and shall consist of all monies directed to be
591591 deposited in the fund pursuant to Section 30 3-211 of this act Title
592592 14A of the Oklahoma Statut es and any other monies received by the
593593 Department for such purpose f rom any other public or private source.
594594 All monies accruing to the credit of the fund are hereby
595595 appropriated and may be budgeted and expended by the Department for
596596 the purposes set forth in Section 11 -103.6h of Title 70 of the
597597 Oklahoma Statutes this title. Expenditures from the fund shall be
598598 made upon warrants issued by the State Treasurer against claims
599599 filed as prescribed by law with the Director of the Office of
600600 Management and Enterprise Services for approval and payment.
601601 SECTION 3. This act shall become effective July 1, 2023.
602602 SECTION 4. It being immediately necessary for the preservation
603603 of the public peace, health , or safety, an emergency is hereby
604604 declared to exist, by reason whereof thi s act shall take effect and
605605 be in full force from and after its pas sage and approval.
606606
607607 59-1-803 EB 1/9/2023 5:04:23 PM