By Woolley H.B. No. 449 77R2473 CAS-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to personal finance education as a requirement for 1-3 graduation from public high school. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Section 28.002(d), Education Code, is amended to 1-6 read as follows: 1-7 (d) The State Board of Education, after consulting with 1-8 educators, parents, business and industry representatives, and 1-9 employers, shall by rule identify the essential knowledge and 1-10 skills of each subject of the enrichment curriculum that all 1-11 students should be able to demonstrate. Each district shall use the 1-12 essential knowledge and skills identified by the board as 1-13 guidelines in providing instruction in the enrichment curriculum. 1-14 The board shall include elements relating to personal finance as 1-15 part of the essential knowledge and skill of economics and require 1-16 personal finance education as a condition for high school 1-17 graduation. As a condition for accreditation, the board shall 1-18 require each district to provide instruction in personal finance at 1-19 one or more appropriate high school grade levels specified by board 1-20 rule. 1-21 SECTION 2. The State Board of Education shall adopt rules 1-22 relating to personal finance education in accordance with Section 1-23 28.002(d), Education Code, as amended by this Act, not later than 1-24 March 1, 2002. The rules shall require each school district, as a 2-1 condition for accreditation, to provide instruction in personal 2-2 finance beginning with the 2002-2003 school year. In addition, the 2-3 rules shall provide a transition period for requiring personal 2-4 finance education as a condition for high school graduation in a 2-5 manner that does not work an undue hardship on students who are in 2-6 the junior or senior year of high school during the 2002-2003 2-7 school year. 2-8 SECTION 3. This Act takes effect September 1, 2001.