GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2009
HOUSE BILL 1474
RATIFIED BILL
AN ACT requiring "credit education" for all students.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 115C‑81(i) reads as rewritten:
"(i) Both the standard
course of study and the Basic Education Program shall include the requirement
that the public schools provide instruction in personal financial literacy for
all students during the high school years.students. Each student
shall receive personal financial literacy instruction that shall include (i) the
true cost of credit, (ii) choosing and managing a credit card, (iii) borrowing
money for an automobile or other large purchase, (iv) home mortgages, (v) credit
scoring and credit reports, and (vi) other relevant financial literacy issues.
The State Board of Education shall
determine the other components of personal financial literacy that will
be covered in the curriculum. The State Board shall also determine in which
course into which courses and grade levels the new personal
financial literacy curriculum can shall be integrated."
SECTION 2. This act is effective when it becomes law and applies beginning with the 2011‑2012 school year.
In the General Assembly read three times and ratified this the 11th day of August, 2009.
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Walter H. Dalton
President of the Senate
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Joe Hackney
Speaker of the House of Representatives
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Beverly E. Perdue
Governor
Approved __________.m. this ______________ day of ___________________, 2009