Legislature(2023 - 2024)BELTZ 105 (TSBldg)
04/17/2023 03:30 PM Senate EDUCATION
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| Audio | Topic |
|---|---|
| Start | |
| SB99 | |
| Presentation(s): Parents as Teachers Program Alaska Department of Health | |
| Presentation(s): Special Education Funding, Population Data, and Teacher Skill Set Alaska Department of Education and Early Development | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| += | SB 99 | TELECONFERENCED | |
| + | TELECONFERENCED | ||
SB 99-FINANCIAL LITERACY COURSE IN SCHOOLS
3:32:14 PM
CHAIR TOBIN announced the consideration of SENATE BILL NO. 99
"An Act establishing a financial literacy education course for
public schools; and providing for an effective date."
3:32:49 PM
CHAIR TOBIN solicited a motion.
3:32:50 PM
SENATOR KIEHL moved to adopt the committee substitute (CS) for
SB 99, work order 33-LS0498\U, as the working document.
3:33:04 PM
CHAIR TOBIN objected for purposes of discussion.
3:33:09 PM
KALI SPENCER, Staff, Senator Bill Wielechowski, Alaska State
Legislature, Juneau, Alaska, provided the following summary of
changes for SB 99, work order 33-LS0498\U:
[Original punctuation provided.]
CSSB 99 (EDC) Explanation of Changes
Version 33-LS0498\S to 33-LS0498\U
The Senate Education Committee adopted the following
changes:
1. In Section 1 (AS 14.30), page 1, lines 7-11:
a. Removed "one-half credit hour financial
literacy education course approved by the
department."
b. Added "financial literacy education program
approved by the department. A school
district may provide the program through one
or more courses offered by the school
district, but the program's hours of
instruction must in the aggregate be
equivalent to a one-half credit hour
course."
This change allows school districts to implement
a financial literacy program that can be spread
across multiple courses, or incorporated into
pre-existing courses, if the program's total
hours of instruction are equivalent to a one-
half credit hour course. This change does not
prevent districts from establishing and
providing a half credit course that only covers
financial literacy, but rather provides more
flexibility for districts.
2. In Section 1 (AS 14.30), page 1, line 13:
a. Added "to the maximum extent practicable"
This change makes it so that school districts
are only required to incorporate discussion or
instruction on requirements listed that are
feasible and effective for that district.
3. In Section 1 (AS 14.30), page 1-2, lines 14-1:
a. Removed "bank accounts and opening and
managing a bank account"
b. Added "financial institutions and opening and
managing an account with a financial
institution"
This change allows school districts to include
discussion or instruction on multiple types of
financial institutions and their accounts.
4. In Section 1 (AS 14.30), page 2, lines 8-9:
a. Added "and predatory lending practices"
This change allows school districts to include
discussion or instruction on predatory lending
practices.
5. In Section 1 (AS 14.30), page 2, lines 17-20:
a. Added "financial implications of being a
member or a beneficiary of a Native
corporation established under 43 U.S.C. 1601
et seq. (Alaska Native Claims Settlement
Act) or a similar entity, including payment
of dividends and issuance of shares."
This change allows school districts to include
discussion or instruction on the financial
implications of being a member or a beneficiary
of a Native corporation or a similar entity.
3:35:57 PM
CHAIR TOBIN found no further objection and CSSB 99, work order
33-LS0498\U was adopted.
3:36:18 PM
CHAIR TOBIN solicited a motion.
3:36:19 PM
SENATOR KIEHL moved to report the CS for SB 99, work order 33-
LS0498\U, from committee with individual recommendations and
attached fiscal note(s).
3:36:34 PM
CHAIR TOBIN found no objection and CSSB 99(EDC) was reported
from the Senate Education Standing Committee.