GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2009
SESSION LAW 2009-504
HOUSE BILL 1474
AN ACT requiring "credit education" for all students.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 115C-81(i) reads as rewritten:
"(i) Both the
standard course of study and the Basic Education Program shall include the
requirement that the public schools provide instruction in personal financial
literacy for all students during the high school years.students. Each
student shall receive personal financial literacy instruction that shall
include (i) the true cost of credit, (ii) choosing and managing a credit card,
(iii) borrowing money for an automobile or other large purchase, (iv) home
mortgages, (v) credit scoring and credit reports, and (vi) other relevant
financial literacy issues.
The State Board of Education shall determine the other components
of personal financial literacy that will be covered in the curriculum. The
State Board shall also determine in which course into which courses
and grade levels the new personal financial literacy curriculum can
shall be integrated."
SECTION 2. This act is effective when it becomes law and applies beginning with the 2011-2012 school year.
In the General Assembly read three times and ratified this the 11th day of August, 2009.
s/ Walter H. Dalton
President of the Senate
s/ Joe Hackney
Speaker of the House of Representatives
s/ Beverly E. Perdue
Governor
Approved 3:16 p.m. this 26th day of August, 2009