HOUSE BILL No. 1047
DIGEST OF INTRODUCED BILL
Citations Affected: IC 20-24-8-5; IC 20-30-5-19.
Synopsis: Financial literacy curriculum. Requires public schools
(including charter schools) and accredited nonpublic schools to provide
instruction in personal financial responsibility to students in grades 9
Effective: July 1, 2006.
January 4, 2006, read first time and referred to Committee on Education.
Second Regular Session 114th General Assembly (2006)
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HOUSE BILL No. 1047
A BILL FOR AN ACT to amend the Indiana Code concerning
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 20-24-8-5; (06)IN1047.1.1. -->
SECTION 1. IC 20-24-8-5, AS ADDED BY P.L.1-2005, SECTION
8, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1,
2006]: Sec. 5. The following statutes and rules and guidelines adopted
under the following statutes apply to a charter school:
(1) IC 5-11-1-9 (required audits by the state board of accounts).
(2) IC 20-26-6-2 (unified accounting system).
(3) IC 20-35 (special education).
(4) IC 20-26-5-10 and IC 20-28-5-9 (criminal history).
(5) IC 20-26-5-6 (subject to laws requiring regulation by state
(6) IC 20-28-7-14 (void teacher contract when two (2) contracts
(7) IC 20-28-10-12 (nondiscrimination for teacher marital status).
(8) IC 20-28-10-14 (teacher freedom of association).
(9) IC 20-28-10-17 (school counselor immunity).
(10) For conversion charter schools only, IC 20-28-6, IC 20-28-7,
IC 20-28-8, IC 20-28-9, and IC 20-28-10.
(11) IC 20-33-2 (compulsory school attendance).
(12) IC 20-33-3 (limitations on employment of children).
(13) IC 20-33-8-19, IC 20-33-8-21, and IC 20-33-8-22 (student
due process and judicial review).
(14) IC 20-33-8-16 (firearms and deadly weapons).
(15) IC 20-34-3 (health and safety measures).
(16) IC 20-33-9 (reporting of student violations of law).
(17) IC 20-30-3-2 and IC 20-30-3-4 (patriotic commemorative
(18) IC 20-31-3, IC 20-32-4, IC 20-32-5, IC 20-32-6, IC 20-32-8,
or any other statute, rule, or guideline related to standardized
testing (assessment programs, including remediation under the
(19) IC 20-33-7 (parental access to education records).
(20) IC 20-31 (accountability for school performance and
(21) IC 20-30-5-19 (personal financial responsibility
SOURCE: IC 20-30-5-19; (06)IN1047.1.2. -->
SECTION 2. IC 20-30-5-19 IS ADDED TO THE INDIANA CODE
AS A NEW
SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
1, 2006]: Sec. 19. (a) Each school corporation (including a charter
school as defined in IC 20-24-1-4) and each nonpublic school that
voluntarily has become accredited under IC 20-19-2-8 shall include
in its curriculum for all students in grades 9 through 12 instruction
concerning personal financial responsibility.
(b) A school corporation (including a charter school as defined
in IC 20-24-1-4) and a nonpublic school that voluntarily has
become accredited under IC 20-19-2-8 may meet the requirements
of subsection (a) by:
(1) integrating, within its curriculum, instruction; or
(2) conducting a seminar;
that is designed to foster overall personal financial responsibility.
(c) A person may not receive a high school diploma from a
school subject to this section unless the person has received the
instruction in personal financial responsibility required by this
(d) The department shall develop guidelines and the state board
shall adopt rules under IC 4-22-2 to assist teachers assigned to
provide the instruction required by this section.