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House Bill 492 |
House Author: Woolley et al. |
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Effective: 9-1-05 |
Senate Sponsor: Shapleigh |
House Bill 492 amends the Education Code to require that the Texas essential knowledge and skills include instruction in personal financial literacy in one or more courses required for high school graduation. The bill requires school districts and open-enrollment charter schools, beginning with the 2006-2007 school year, to incorporate such instruction into any course that meets a requirement for economics credit, and it requires the State Board of Education to adopt essential knowledge and skills for a course that includes the required instruction in personal financial literacy not later than the 2008-2009 school year.
The bill requires the board to adopt rules relating to personal finance education not later than March 1, 2006, and the rules must require each school district and open-enrollment charter school to provide such instruction as a condition for accreditation, beginning with the 2006-2007 school year.