05RS HB227

HB227

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HB 227 (BR 1103) - S. Westrom, S. Brinkman

     AN ACT relating to financial literacy.
     Create a new section of KRS 158 to require financial literacy instruction to be included in courses currently offered in public schools; create a new section of KRS 158 to establish the financial literacy trust fund and identify possible fund uses; require Kentucky Board of Education to promulgate administrative regulations related to disbursal of funds; identify Kentucky Department of Education as administrator of trust fund.

HB 227 - AMENDMENTS


     HCS - Retain original provisions except permit, rather than require, financial literacy instruction be included in courses currently offered in public schools; clarify that the financial literacy trust fund will be established and created in the State Treasury; clarify that the fund may receive state appropriations, gifts, grants, federal funds, and any other funds, both public and private; identify that the fund shall be a trust and agency account and made available solely for the purpose and benefits of the Kentucky financial literacy trust fund program.

     Feb 1-introduced in House
     Feb 2-to Education (H)
     Feb 14-posted in committee
     Feb 16-reported favorably, 1st reading, to Calendar with Committee Substitute
     Feb 17-2nd reading, to Rules
     Feb 22-posted for passage in the Regular Orders of the Day for Wednesday, February 23, 2005
     Feb 24-3rd reading, passed 94-0 with Committee Substitute
     Feb 25-received in Senate
     Feb 28-to Education (S)
     Mar 1-taken from committee; laid on clerk's desk; taken from clerk's desk; 1st reading; returned to Education (S)


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