SRC-TAG S.B. 1004 78(R)   BILL ANALYSIS


Senate Research Center   S.B. 1004
78R3862 SLO-DBy: West
Education
3/25/2003
As Filed


DIGEST AND PURPOSE 

Currently, there is no law requiring  public schools to make available to
students free resources relating to instruction on personal and consumer
credit. As proposed, S.B. 1004 requires the Texas Education Agency to
create a list of free resources on those subjects and make the list
available to all Texas public school superintendents by July 1 of each
year.  

RULEMAKING AUTHORITY

This bill does not expressly grant any additional rulemaking authority to
a state officer, institution, or agency. 

SECTION BY SECTION ANALYSIS
 
SECTION 1.  Amends Chapter 28A, Education Code, by adding Section 28.008,
as follows: 

Sec.  28.008.  RESOURCES FOR INSTRUCTION OF PERSONAL FINANCE AND CONSUMER
EDUCATION.  (a)  Requires the Texas Education Agency ( TEA)  to annually
compile for distribution to school districts a list of free resources
available to public school that relate to the instruction of personal
finance and consumer education. 

(b)  Requires TEA to provide the list to the superintendent of each school
district by July 1 of each year. 

SECTION 2.  Provides that this Act applies beginning with the 2004-2005
school year. 

SECTION 3.  Effective date: upon passage or September 1, 2003.