05RS HB227


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Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.

HB 227 (BR 1103) - S. Westrom, S. Brinkman

     AN ACT relating to financial literacy.
     Create a new section of KRS 158 to require financial literacy instruction to be included in courses currently offered in public schools; create a new section of KRS 158 to establish the financial literacy trust fund and identify possible fund uses; require Kentucky Board of Education to promulgate administrative regulations related to disbursal of funds; identify Kentucky Department of Education as administrator of trust fund.


     HCS - Retain original provisions except permit, rather than require, financial literacy instruction be included in courses currently offered in public schools; clarify that the financial literacy trust fund will be established and created in the State Treasury; clarify that the fund may receive state appropriations, gifts, grants, federal funds, and any other funds, both public and private; identify that the fund shall be a trust and agency account and made available solely for the purpose and benefits of the Kentucky financial literacy trust fund program.

     Feb 1-introduced in House
     Feb 2-to Education (H)
     Feb 14-posted in committee
     Feb 16-reported favorably, 1st reading, to Calendar with Committee Substitute
     Feb 17-2nd reading, to Rules
     Feb 22-posted for passage in the Regular Orders of the Day for Wednesday, February 23, 2005
     Feb 24-3rd reading, passed 94-0 with Committee Substitute
     Feb 25-received in Senate
     Feb 28-to Education (S)
     Mar 1-taken from committee; laid on clerk's desk; taken from clerk's desk; 1st reading; returned to Education (S)

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