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HB 302 FINANCIAL LITERACY FOR GRADUATION

Current Location: HEC
Referrals: HCEDC/HEC

[6] HCEDC/HEC-HCEDC [9] DP/a-HEC

HB 302 PDF  |  HB 302 FIR


Scheduled on - Date:  Time:   Location:

3/02/2021 [9]HAFC - Do Pass as Amended House Education (HEC)
2/18/2021 [6] - Sent to location House Commerce and Economic Development (HCEDC)
Synopsis:

 House Bill 302 (HB 302) makes changes to public education by amending graduation requirements and requiring one-half unit of financial literacy prior to graduation.

Analysis:

 House Bill 302 (HB 302) makes changes to public education by amending graduation requirements and requiring one-half unit of financial literacy prior to graduation.

SECTION 1. Amends Public Schools Section 22-13-1.1 NMSA 1978 (being Laws 1986, Chapter 33, Section 5, as amended) GRADUATION REQUIREMENTS to require one-half unit of Financial Literacy Prior to Graduation. Subsection J is amended to adjust the units as follows:
(2) as provided in this paragraph: (a) except as provided in Subparagraph (b) of this paragraph, four units in mathematics, of which one shall be the equivalent to or higher than the level of algebra 2, unless the parent has submitted written, signed permission for the student to complete a lesser mathematics unit; and provided that a financial literacy course or department approved work-based training or career and technical education course that meets state mathematics academic content and performance standards shall qualify as one of the four required mathematics units; and 
Inserts these specifics:
(b) for students who enter the ninth grade in the 2022-2023 school year and subsequent school years, four and one-half units of mathematics, of which one shall be the equivalent to or higher than the level of algebra 2, unless the parent has submitted written, signed permission for the student to complete a lesser mathematics unit, and one-half unit of financial literacy; provided that a department-approved work-based training or career and technical education course that meets state mathematics academic content and performance standards shall qualify as one of the four and one-half required mathematics units. The required financial literacy course shall meet mathematics academic content and performance standards and shall include a basic understanding of budgets, checking and savings accounts, credit, interest and the costs of borrowing;
This item is amended to provide that elective units shall total seven, as shown:
(7) seven and one-half elective units that meet department content and performance standards. Career and technical education courses shall be offered as an elective. Student service learning shall be offered as an elective. Financial literacy shall be offered as an elective. Preapprenticeship programs may be offered as electives. Media literacy may be offered as an elective. For students entering the ninth grade in the 2022-2023 school year and subsequent school years, elective units shall total seven.

Amendments:

House Bill 302 is amended by the House Commerce and Economic Development (HCEDC) is amended as follows:

The amendments requested are grammatical improvements.
On page 6, line 20, after "and", insert "of which” and On page 6, line 21, strike "of" and insert in lieu thereof "shall be”. The text now reads:
(b) for students who enter the ninth grade in the 2022-2023 school year and subsequent school years, four and one-half units of mathematics, of which one shall be the equivalent to or higher than the level of algebra 2, unless the parent has submitted written, signed permission for the student to complete a lesser mathematics unit, and of which one-half unit of shall be financial literacy; provided that a department-approved work-based training or career and technical education course that meets state mathematics academic content and performance standards shall qualify as one of the four and one-half required mathematics units. 

Current Law:House Bill 302 makes changes to Section 22-13-1.1 NMSA 1978 (being Laws 1986, Chapter 33, Section 5, as amended).