GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2007

S                                                                                                                                                     1

SENATE BILL 1113

Short Title:     Funds for Instruction in Financial Literacy .		(Public)
Sponsors:	Senator Hagan.
Referred to:	Appropriations/Base Budget.

March 22, 2007

A BILL TO BE ENTITLED

AN ACT to appropriate funds for instruction in personal financial literacy.

The General Assembly of North Carolina enacts:

SECTION 1.  There is appropriated from the General Fund to the Department of Public Instruction the sum of six hundred eighty-nine thousand six hundred forty dollars ($689,640) in nonrecurring funds for the 2007‑2008 fiscal year and the sum of five hundred fifty thousand dollars ($550,000) in nonrecurring funds for the 2008‑2009 fiscal year for instruction in personal financial literacy.

During the 2007‑2008 school year, Algebra I and Integrated Mathematics I teachers shall teach a five-day module on personal financial literacy. Beginning with the 2008‑2009 school year, the concepts shall be integrated into the Algebra I and Integrated Mathematics I courses, and test items on personal financial literacy shall be included in the end-of-course examination.

SECTION 2.  This act becomes effective July 1, 2007.