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| | HB1375 Engrossed | | LRB103 25672 RJT 52021 b |
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1 | | AN ACT concerning education.
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2 | | Be it enacted by the People of the State of Illinois,
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3 | | represented in the General Assembly:
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4 | | Section 1. Purpose. The General Assembly has determined |
5 | | that it is in the best interests of the State and the State's |
6 | | citizens that all high school students be required to take a |
7 | | one semester course in personal finance prior to graduation. |
8 | | Research has shown that such a course is significantly more |
9 | | effective if taught as a separate course in the 11th or 12th |
10 | | grade rather than embedded in another course or taught at an |
11 | | earlier time. Similarly, research has shown that before the |
12 | | course can be implemented, there must be time to develop |
13 | | curriculum and provide incentives for professional development |
14 | | for teachers of the course. |
15 | | Section 5. The School Code is amended by changing Section |
16 | | 27-12.1 and 27-22 as follows:
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17 | | (105 ILCS 5/27-12.1) (from Ch. 122, par. 27-12.1)
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18 | | Sec. 27-12.1. Personal finance Consumer education. |
19 | | (a) For pupils entering the 9th grade before the 2027-2028 |
20 | | school year, pupils Pupils in the public schools in
grades 9 |
21 | | through 12 shall be taught and be required to study courses
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22 | | which include instruction in the area of consumer education, |
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1 | | including
but not necessarily limited to (i) understanding the |
2 | | basic concepts of financial literacy, including consumer debt |
3 | | and installment purchasing (including credit scoring, managing |
4 | | credit debt, and completing a loan application), budgeting, |
5 | | savings and investing, banking (including balancing a |
6 | | checkbook, opening a deposit account, and the use of interest |
7 | | rates), understanding simple contracts, State and federal |
8 | | income taxes, personal insurance policies, the
comparison of |
9 | | prices, higher education student loans, identity-theft |
10 | | security, and homeownership (including the basic process of |
11 | | obtaining a mortgage and the concepts of fixed and adjustable |
12 | | rate mortgages, subprime loans, and predatory lending), and |
13 | | (ii)
understanding the roles of consumers
interacting with |
14 | | agriculture, business, labor unions and government in
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15 | | formulating and achieving the goals of the mixed free |
16 | | enterprise system.
The State Board of Education shall devise |
17 | | or approve the
consumer education curriculum for grades 9 |
18 | | through 12 and specify the
minimum amount of instruction to be |
19 | | devoted thereto.
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20 | | (a-5) Beginning with pupils entering the 9th grade in the |
21 | | 2027-2028 school year, pupils in the public schools in grade |
22 | | 11 or 12 shall be taught and be required to complete a |
23 | | stand-alone, one-semester or equivalent course covering |
24 | | personal finance, which shall include, but is not limited to, |
25 | | instruction covering behavioral economics; banking and bill |
26 | | payment; investing; types of credit; managing credit, |
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1 | | including credit scores; paying for college; insurance; taxes; |
2 | | budgeting; consumer skills; retirement planning, including |
3 | | tax-advantaged retirement plans; home ownership and financing; |
4 | | and personal transportation, including car ownership and |
5 | | leasing. The State Board of Education shall devise or approve |
6 | | the personal finance education standards for the course. The |
7 | | State Board of Education may review and update these |
8 | | curriculum standards every 5 years. The State Board of |
9 | | Education may adopt or adapt national standards for personal |
10 | | finance education in implementing the curriculum standards. |
11 | | A school board shall oversee implementation of the |
12 | | personal finance course for each high school student prior to |
13 | | graduation. This oversight shall include: |
14 | | (1) identifying the certifications and credentials |
15 | | needed by teachers of the personal finance course, such as |
16 | | credentials in social studies, family and consumer |
17 | | science, mathematics, career and technical education, or |
18 | | other subject matters; |
19 | | (2) preparing a list of curriculum providers that |
20 | | delineates between core curriculum providers and |
21 | | supplementary providers in coordination with the State |
22 | | Board of Education; and |
23 | | (3) preparing a list of professional development |
24 | | providers that have the capability to support educators |
25 | | with the implementation of the course and that have |
26 | | delivered professional development to educators in the |
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1 | | State within the past 12 months. |
2 | | The State Board of Education shall develop implementation |
3 | | guidelines and timelines to assist schools in implementing |
4 | | this course. |
5 | | (b) (Blank).
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6 | | (c) The Financial Literacy Fund is created as a special |
7 | | fund in the State treasury. State funds and private |
8 | | contributions for the promotion of financial literacy shall be |
9 | | deposited into the Financial Literacy Fund. All money in the |
10 | | Financial Literacy Fund shall be used, subject to |
11 | | appropriation, by the State Board of Education to award grants |
12 | | to school districts for the following: |
13 | | (1) Defraying the costs of financial literacy training |
14 | | for teachers. |
15 | | (2) Rewarding a school or teacher who wins or achieves |
16 | | results at a certain level of success in a financial |
17 | | literacy competition. |
18 | | (3) Rewarding a student who wins or achieves results |
19 | | at a certain level of success in a financial literacy |
20 | | competition. |
21 | | (4) Funding activities, including books, games, field |
22 | | trips, computers, and other activities, related to |
23 | | financial literacy education. |
24 | | In awarding grants, every effort must be made to ensure |
25 | | that all geographic areas of the State are represented. |
26 | | (d) A school board may establish a special fund in which to |
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1 | | receive public funds and private contributions for the |
2 | | promotion of financial literacy. Money in the fund shall be |
3 | | used for the following: |
4 | | (1) Defraying the costs of financial literacy training |
5 | | for teachers. |
6 | | (2) Rewarding a school or teacher who wins or achieves |
7 | | results at a certain level of success in a financial |
8 | | literacy competition. |
9 | | (3) Rewarding a student who wins or achieves results |
10 | | at a certain level of success in a financial literacy |
11 | | competition. |
12 | | (4) Funding activities, including books, games, field |
13 | | trips, computers, and other activities, related to |
14 | | financial literacy education. |
15 | | (e) The State Board of Education, upon the next |
16 | | comprehensive review of the Illinois Learning Standards, is |
17 | | urged to include the instruction listed in subsection (a-5), |
18 | | basic principles of personal insurance policies , and |
19 | | understanding simple contracts. |
20 | | (Source: P.A. 99-284, eff. 8-5-15.)
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21 | | (105 ILCS 5/27-22) (from Ch. 122, par. 27-22)
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22 | | Sec. 27-22. Required high school courses.
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23 | | (a) (Blank).
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24 | | (b) (Blank). |
25 | | (c) (Blank). |
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1 | | (d) (Blank). |
2 | | (e) Through the 2023-2024 school year, as a prerequisite |
3 | | to receiving a high school diploma, each pupil
entering the |
4 | | 9th grade must, in addition to other course requirements, |
5 | | successfully
complete all of the following courses: |
6 | | (1) Four years of language arts. |
7 | | (2) Two years of writing intensive courses, one of |
8 | | which must be English and the other of which may be English |
9 | | or any other subject. When applicable, writing-intensive |
10 | | courses may be counted towards the fulfillment of other |
11 | | graduation requirements.
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12 | | (3) Three years of mathematics, one of which must be |
13 | | Algebra I, one of which must include geometry content, and |
14 | | one of which may be an Advanced Placement computer science |
15 | | course. A mathematics course that includes geometry |
16 | | content may be offered as an integrated, applied, |
17 | | interdisciplinary, or career and technical education |
18 | | course that prepares a student for a career readiness |
19 | | path. |
20 | | (3.5) For pupils entering the 9th grade in the |
21 | | 2022-2023 school year and 2023-2024 school year, one year |
22 | | of a course that includes intensive instruction in |
23 | | computer literacy, which may be English, social studies, |
24 | | or any other subject and which may be counted toward the |
25 | | fulfillment of other graduation requirements. |
26 | | (4) Two years of science. |
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1 | | (5) Two years of social studies, of which at least one |
2 | | year must be history of the United States or a combination |
3 | | of history of the United States and American government |
4 | | and, beginning with pupils entering the 9th grade in the |
5 | | 2016-2017 school year and each school year thereafter, at |
6 | | least one semester must be civics, which shall help young |
7 | | people acquire and learn to use the skills, knowledge, and |
8 | | attitudes that will prepare them to be competent and |
9 | | responsible citizens throughout their lives. Civics course |
10 | | content shall focus on government institutions, the |
11 | | discussion of current and controversial issues, service |
12 | | learning, and simulations of the democratic process. |
13 | | School districts may utilize private funding available for |
14 | | the purposes of offering civics education. Beginning with
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15 | | pupils entering the 9th grade in the 2021-2022 school |
16 | | year, one semester, or part of
one semester, may include a |
17 | | financial literacy course. |
18 | | (6) One year chosen from (A) music, (B) art, (C) |
19 | | foreign language, which shall be deemed to include |
20 | | American Sign Language, (D) vocational education, or (E) |
21 | | forensic speech (speech and debate). A forensic speech |
22 | | course used to satisfy the course requirement under |
23 | | subdivision (1) may not be used to satisfy the course |
24 | | requirement under this subdivision (6). |
25 | | (e-5) Beginning with the 2024-2025 school year, as a |
26 | | prerequisite to receiving a high school diploma, each pupil |
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1 | | entering the 9th grade must, in addition to other course |
2 | | requirements, successfully complete all of the following |
3 | | courses: |
4 | | (1) Four years of language arts. |
5 | | (2) Two years of writing intensive courses, one of |
6 | | which must be English and the other of which may be English |
7 | | or any other subject. If applicable, writing-intensive |
8 | | courses may be counted toward the fulfillment of other |
9 | | graduation requirements. |
10 | | (3) Three years of mathematics, one of which must be |
11 | | Algebra I, one of which must include geometry content, and |
12 | | one of which may be an Advanced Placement computer science |
13 | | course. A mathematics course that includes geometry |
14 | | content may be offered as an integrated, applied, |
15 | | interdisciplinary, or career and technical education |
16 | | course that prepares a student for a career readiness |
17 | | path. |
18 | | (3.5) One year of a course that includes intensive |
19 | | instruction in computer literacy, which may be English, |
20 | | social studies, or any other subject and which may be |
21 | | counted toward the fulfillment of other graduation |
22 | | requirements. |
23 | | (4) Two years of laboratory science. |
24 | | (5) Two years of social studies, of which at least one |
25 | | year must be history of the United States or a combination |
26 | | of history of the United States and American government |
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1 | | and at least one semester must be civics, which shall help |
2 | | young people acquire and learn to use the skills, |
3 | | knowledge, and attitudes that will prepare them to be |
4 | | competent and responsible citizens throughout their lives. |
5 | | Civics course content shall focus on government |
6 | | institutions, the discussion of current and controversial |
7 | | issues, service learning, and simulations of the |
8 | | democratic process. School districts may utilize private |
9 | | funding available for the purposes of offering civics |
10 | | education. One semester, or part of
one semester, may |
11 | | include a financial literacy course. |
12 | | (5.5) One semester or the equivalent of a stand-alone |
13 | | course on personal finance education to be taken in grade |
14 | | 11 or 12, which may be counted toward the fulfillment of |
15 | | other graduation requirements as determined by the State |
16 | | Board of Education. |
17 | | (6) One year chosen from (A) music, (B) art, (C) |
18 | | foreign language, which shall be deemed to include |
19 | | American Sign Language, (D) vocational education, or (E) |
20 | | forensic speech (speech and debate). A forensic speech |
21 | | course used to satisfy the course requirement under |
22 | | subdivision (1) may not be used to satisfy the course |
23 | | requirement under this subdivision (6). |
24 | | (e-10) Beginning with the 2028-2029 school year, as a |
25 | | prerequisite to receiving a high school diploma, each pupil |
26 | | entering the 9th grade must, in addition to other course |
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1 | | requirements, successfully complete 2 years of foreign |
2 | | language courses, which may include American Sign Language. A |
3 | | pupil may choose a third year of foreign language to satisfy |
4 | | the requirement under subdivision paragraph (6) of subsection |
5 | | (e-5). |
6 | | (f) The State Board of Education shall develop and inform |
7 | | school districts of standards for writing-intensive |
8 | | coursework.
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9 | | (f-5) If a school district offers an Advanced Placement |
10 | | computer science course to high school students, then the |
11 | | school board must designate that course as equivalent to a |
12 | | high school mathematics course and must denote on the |
13 | | student's transcript that the Advanced Placement computer |
14 | | science course qualifies as a mathematics-based, quantitative |
15 | | course for students in accordance with subdivision (3) of |
16 | | subsection (e) of this Section. |
17 | | (g) Public Act 83-1082 This amendatory Act of 1983 does |
18 | | not apply to pupils entering the 9th grade
in 1983-1984 school |
19 | | year and prior school years or to students
with disabilities |
20 | | whose course of study is determined by an individualized
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21 | | education program.
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22 | | Public Act 94-676 This amendatory Act of the 94th General |
23 | | Assembly does not apply
to pupils entering the 9th grade in the |
24 | | 2004-2005 school year or a prior
school year or to students |
25 | | with disabilities whose course of study is
determined by an |
26 | | individualized education program.
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1 | | Subdivision (3.5) of subsection (e) does not apply
to |
2 | | pupils entering the 9th grade in the 2021-2022 school year or a |
3 | | prior
school year or to students with disabilities whose |
4 | | course of study is
determined by an individualized education |
5 | | program. |
6 | | Subsection (e-5) does not apply
to pupils entering the 9th |
7 | | grade in the 2023-2024 school year or a prior
school year or to |
8 | | students with disabilities whose course of study is
determined |
9 | | by an individualized education program. Subsection (e-10) does |
10 | | not apply
to pupils entering the 9th grade in the 2027-2028 |
11 | | school year or a prior
school year or to students with |
12 | | disabilities whose course of study is
determined by an |
13 | | individualized education program. |
14 | | (h) The provisions of this Section are subject to the |
15 | | provisions of
Section
27-22.05 of this Code and the |
16 | | Postsecondary and Workforce Readiness Act.
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17 | | (i) The State Board of Education may adopt rules to modify |
18 | | the requirements of this Section for any students enrolled in |
19 | | grades 9 through 12 if the Governor has declared a disaster due |
20 | | to a public health emergency pursuant to Section 7 of the |
21 | | Illinois Emergency Management Agency Act. |
22 | | (Source: P.A. 101-464, eff. 1-1-20; 101-643, eff. 6-18-20; |
23 | | 101-654, Article 50, Section 50-5, eff. 3-8-21; 101-654, |
24 | | Article 60, Section 60-5, eff. 3-8-21; 102-366, eff. 8-13-21; |
25 | | 102-551, eff. 1-1-22; 102-864, eff. 5-13-22; revised 9-2-22.)
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