LD 184 LR 599(03)
An Act To Promote the Financial Literacy of High School Students
Fiscal Note for Bill as Amended by Committee Amendment "   "
Committee: Education and Cultural Affairs
Fiscal Note Required: Yes
Fiscal Note
State Mandate - Unfunded
FY 2011-12 FY 2012-13 Projections  FY 2013-14 Projections  FY 2014-15
Net Cost (Savings)
General Fund $15,000 $0 $0 $0
General Fund $15,000 $0 $0 $0
State Mandates
Required Activity Unit Affected Local Cost
Requires secondary schools to add at least one week of instruction in personal finance as part of the social science or mathematics courses required in order to obtain a high school diploma. School Significant statewide
The required local activities in this bill may represent a State mandate pursuant to the Constitution of Maine.  Unless General Fund appropriations are provided to fund at least 90% of the additional costs or a Mandate Preamble is amended to the bill and two-thirds of the members of each House vote to exempt this mandate from the funding requirement, municipalities may not be required to implement these changes.
Fiscal Detail and Notes
This bill includes a one-time General Fund appropriation of $15,000 in fiscal year 2011-12 to the PK-20 Curriculum, Instruction and Assessment program within the Department of Education for the costs associated with developing an integrated model for instruction in personal finance for use in secondary schools as part of the instruction in social studies or mathematics.