An Act to Require
Maine Legislature, Session 132, LD 1069
Committee Amendment CA_A_S315 (Senate)

8-
COMMITTEE AMENDMENT" fr to S.P. 454, L.D. 1069, "An Act to Require 
Personal Finance to Be Taught as a Separate Course in Order for a Student to Obtain a 
High School Diploma" 
Amend the bill by striking out the title and substituting the following: 
'Resolve, Directing the Department of Education to Review Personal Finance Course 
Offerings in Maine Schools and Implement a Teacher T1·aining Program'. 
Amend the bill by striking out everything after the title and inserting the follbwihg: • 
'Sec, 1. Personal finance; school survey, Resolved: That the Depat'tment. of 
Education shall administer a survey to all school administrative units in the State to collect 
data arid information on.the status of personal f1nance education in schools. ·the s_urvey 
must include, but is not limited to: 
. 
• • 
1. • Whether personal finance is taught as a discrete course ~1· the personal. fina1~ce 
standards contained in the statewide system of learning results, as established in the Maine 
Revised Statutes, Title 20-A, section 6209, are integrated into other social studies courses; 
2. If personal finance is not taught as a discrete course, the name and curriculum of the 
courses into which personal finance learning standards are integrated; .. 
3. To which grade levels discrete personal finance courses are offered;· and 
4. The number of students enrolled in discrete personal finance courses and the number 
of insh·uctional hours those students receive in personal finance. 
The Department of Education shall submit a rep01t based on the results of the survey 
to the Joint Standing Committee on Education and Cultural Affairs no later than January 
15, 2026. 
Sec. 2. 
Working group. Resolved: 
That, beginning in January 2026, the 
Depa1tment of Education shall convene a working group of relevant stakeholders to 
develop recommendations on increasing accessibility to personal finance education to 
students in the State 6f all grade levels based on the findings of the rnport developed 
Page I • 132LR1185(02) 
COMMITTEE AMENDMENT 
ROS 
COMMITTEE AMENDMENT ",k" to S.P. 454, L.D, 1069 ( 5 ,3JSJ 
pursuant to section l. The working group must examine professional development, 
curriculum resources, instrnctional time, staffing and any other suppo1ts the working group 
considers necessa1y to expand and strengthen personal finance instrnction in school 
administrative units. The membership of the working group must include, but is not limited 
to: 
1. One member representing the Finance Authodty of Maine; 
2. One member representing the Maine Jump$tart Coalition for Personal Financial 
Literacy; 
3. At least 3 teachers employed in school administrative units in the State who teach 
personal finance subject matter; and 
4. One member representing the Maine Education Association. 
The Depa1tment of Education shall submit a repo1t based on the findings and 
recommendations of the working group to the Joint Standing Committee on Education and 
Cultural Affail·s no later than March 1, 2026. 
Sec. 3. Teacher training. Resolved: That, based on the findings of the repo1ts 
submitted pursuant to sections 1 and 2, the Depaitment of Education shall· organize a 
summer teacher training oppo1tunity for teachers in the State who teach or who wish to 
teach personal finance with the intent of allowing teachers to share best practices, learn 
from expert practitioners and network with one another. The teacher training opportunity 
must take place during the summer months. 
Sec, 4. • Appropriations and allocations. Resolved: • That the following 
appropriations and allocations are made. 
EDUCATION, DEPARTMENT OF 
Innovative Teaching and Learning Z394 
Initiative: Provides one-time funds in fiscal year 2025-26 to suppo1t the working group 
established to develop 1·ecommendations on increasing accessibility to personal finance 
education to students of all grade levels in the State. 
• 
GENERAL FUND 
2025-26 
2026-27 
All Other 
$15,000 
$0 
GENERALFUNDT9TAL 
$15,000 
$0 
Innovative Teaching and Learning Z394 
Initiative: Provides one-time funds in fiscal year 2025-26 fm· a summer teacher training 
opportunity for teachers in the State who teach 01· wish to teach personal finance, 
GENERAL FUND 
2025-26 
All Other 
$15,000 
GENERAL FUND TOTAL 
EDUCATION, DEPARTMENT OF 
DEPARTMENT TOTALS 
$15,000 
2025-26 
COMMITTEE A.MENDMENT 
2026-27 
$0 
$0 
2026-27 
ROS 
l 
\!~ 
COMMITTEEAMENDMENT'fr"toS.P.454,L.D.1069 f S 31.s) 
GENERAL FUND 
DEPARTMENTTOTALHALLFUNDS 
$30,000 
$30,000 
$0 
$0 
Amend the bill by relettering or renumbering any nonconsecutive Part lettel' or section 
number to read consecutively. 
SUMMARY 
This amendment replaces the bill with a resolve. 
The amendment directs the 
Department of Education to survey school administrative units to collect data on the status 
of personal finance course offerings and integration into social studies curricula. The 
amendment also directs the depa1tment to convene a working group to develop 
recommendations on increasing accessibility to personal finance education for students in 
the State and directs the depa1tment to develop a summer teacher training opportunity 
related to personal finance instruction. 
FISCAL NOTE REQUIRED 
(See attached) 
COMMITTEE AMENDMENT 
Approved: 05/27/25 l-Rl-
LD 1069 
LR 1185(02) 
An Act to Require Personal Finance to Be Taught as a Separate Course in Order for a Student to 
Obtain a High School Diploma 
Fiscal Note for Bill as Amended by Committee Amendment 'A"'c S· 310 
Committee: Education and Cultural Affairs 
~ J 
Fiscal Note Required: Yes 
Fiscal Note 
FY 2025-26 
FY 2026-27 
Projections 
FY 2027-28 
Projections 
FY 2028-29 
Net Cost (Savings) 
General Fund 
Appropriations/ Allocations 
General Fund 
Fiscal Detail and Notes 
$30,000 
$30,000 
$0 
$0 
$0 
$0 
$0 
$0 
This bill includes one-time General Fund appropriations totaling $30,000 in fiscal year 2025-26 to the Department of 
Education to convene a working group to develop recommendations on increasing accessibility to personal finance 
education to students of all grade levels in the State and to provide a summer teacher training program for teachers in 
the State who teach or who wish to teach personal finance. 
Additional costs to the Finance Authority of Maine associated with participation in the working group are expected to 
be minor and can be absorbed within existing b1.1dgeted resources, 
LR 1185(02) • Fiscal Note - Page 1 of 1