HB 346 (BR 1298) - S. Brinkman, S. Westrom
AN ACT relating to financial literacy.
Create new sections of KRS Chapter 158 to require the Kentucky Department of Education to develop and implement the Kentucky Financial Literacy Program; permit school districts to utilize the program and program materials; require the program to include curricula, materials, and guidelines for financial literacy instruction aligned with state standards and designed to be included in courses currently offered in public schools; require the Kentucky Board of Education to adopt the curricula, materials, and guidelines for program; set forth areas of financial literacy to be included in the program; establish the Kentucky financial literacy trust fund within the State Treasury; permit the fund to receive state appropriations, gifts, grants, federal funds, and any other funds, both public and private; identify permissible fund uses; require the Kentucky Board of Education to promulgate administrative regulations; require the Kentucky Department of Education to administer the trust fund; set forth investment options for unallocated or unencumbered balances and require that unused balances be carried forward; and establish that the fund shall be a trust and agency account available solely for the purpose and benefits of the Kentucky Financial Literacy Trust Program.
Feb 7-introduced in House
Feb 9-to Education (H)