An Act To
Maine Legislature, Session 126, LD 0843
Committee Amendment CA_A_H348 (House)
Committee: Education and Cultural Affairs, strikes and replaces the bill to add course work in personal finance as part of the required subject of social studies and history that must be provided to all high school students as part of the state requirements for awarding a high school diploma
Amends: 20-A MRSA §4722

COMMITTEE AMENDMENT "/1,, to H.P. 594, L.D. 843, Bill, 
Promote the Financial Literacy of High School Students" 
"An Act To 
Amend the bill by striking out everything after the enacting clause and before the 
summary and inserting the following: 
'Sec. 1. 20-A MRSA §4722, sub-§2, ~B, as amended by PL 2011, c. 294, §1, is 
further amended to read: 
B. Social studies and history, including American history, govemment and civics 
2~ 
civics and personal finance--2 years; 
Sec. 2. 20-A MRS A §6209, sub-§4, as amended by PL 2007, c. 259, §5, is 
further amended to read: 
4. Review cycle. The commissioner shall conduct a review of the content standards 
and performance indicators by content area on a 5-year cycle beginning in the 2015-2016 
school year. The review of the content standards and performance indicators for the 
content area of social studies, including student achievement of proficiency in personal 
finance, must be included in the commissioner's review during the 2015-2016 school 
year. Any changes that are recommended must be approved through the same process 
used for establishment of the system of learning results.' 
SUMMARY 
This amendment, which is the majority report of the Joint Standing Committee on 
Education and Cultural Affairs, strikes and replaces the bill to add course work in 
personal finance as part of the required subject of social studies and history that must be 
provided to all high school students as part of the state requirements for awarding a high 
school diploma. The amendment also requires the Commissioner of Education to review 
the content standards and performance indicators for the content area of social studies, 
including student achievement of proficiency in personal finance, during the 2015-2016 
COMMITTEE AMENDMENT 
.... " 
COMMITTEE AMENDMENT" ~'to H.P. 594, L.D. 843 
school year as part of the commissioner's 5-year review cycle ofthe content standards and 
performance indicators required under the system of learning results. 
FISCAL NOTE REQUIRED 
(See attached) 
COMMITTEE AMENDMENT 
'. 
Approved: 05/31/13 ;lJ?ac. 
LD843 
LR 947(02) 
An Act To Promote the Financial Literacy of High School Students 
Fiscal Note for Bill as Amended by Committee Amendment ~'C If ~ 3cf& ') 
Committee: Education and Cultural Affairs 
r..y 
Fiscal Note Required: Yes 
Fiscal Note 
Minor cost increase - General Fund 
Fiscal Detail and Notes 
Additional costs to local school administrative units to include personal finance as a subject area that must be taught 
as part of the required course of study under social studies and history can be absorbed within existing budgeted 
resources. 
Additional costs to the Department of Education to include student achievement of proficiency in personal finance in 
the 2015-2016 review of the content standards and performance indicators for the content area of social studies can be 
absorbed within existing budgeted resources. 
LR0947(02) - Fiscal Note - Page 1 of 1