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A BILL TO BE ENTITLED
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AN ACT
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relating to a personal financial literacy component in a statistics |
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course offered for public high school graduation. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 28.0021, Education Code, is amended by |
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adding Subsection (d) to read as follows: |
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(d) If the State Board of Education approves a statistics |
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course as an advanced mathematics course as provided under Section |
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28.025(b-2), as amended by Chapter 211 (H.B. 5), Acts of the 83rd |
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Legislature, Regular Session, 2013, the course must include |
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instruction in personal financial literacy relating to: |
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(1) avoiding and eliminating credit card debt; |
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(2) being a prudent investor in the stock market and |
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using other investment options; and |
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(3) beginning a savings program and planning for |
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retirement. |
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SECTION 2. This Act applies beginning with the 2016-2017 |
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school year. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2015. |