NOTE: This bill has been prepared for the signature of the appropriate legislative
officers and the Governor. To determine whether the Governor has signed the bill
or taken other action on it, please consult the legislative status sheet, the legislative
history, or the Session Laws.
HOUSE BILL 08-1168
BY REPRESENTATIVE(S) Marshall, Summers, Balmer, Benefield,
Borodkin, Buescher, Carroll T., Curry, Fischer, Frangas, Gallegos,
Gardner C., Green, Hodge, Jahn, Kefalas, Kerr J., Labuda, Liston, Madden,
Massey, May M., Merrifield, Middleton, Peniston, Rice, Roberts,
Romanoff, Rose, Scanlan, Soper, Stafford, Stephens, Swalm, White,
Witwer, Garza-Hicks, Primavera, and Todd;
also SENATOR(S) Romer, Penry, Bacon, Boyd, Gibbs, Groff, Isgar, Morse,
Shaffer, Spence, Tochtrop, Veiga, Williams, and Windels.
C O N C E R N I N G F I N A N C I A L L I T E R A C Y I N
KINDERGARTEN-THROUGH-TWELFTH-GRADE EDUCATION.
Be it enacted by the General Assembly of the State of Colorado:
SECTION 1. 22-7-406 (1), Colorado Revised Statutes, is amended
BY THE ADDITION OF THE FOLLOWING NEW PARAGRAPHS to
read:
22-7-406. Adoption of state model content standards, state
assessments, and timelines - resource bank. (1) (c) IN THE PROCESS OF
ADOPTING THE FIRST REVISION OF THE STATE MODEL CONTENT STANDARDS
THAT OCCURS AFTER THE EFFECTIVE DATE OF HOUSE BILL 08-1168,
________
Capital letters indicate new material added to existing statutes; dashes through words indicate
deletions from existing statutes and such material not part of act.
ENACTED AT THE SECOND REGULAR SESSION OF THE SIXTY-SIXTH GENERAL
ASSEMBLY, THE BOARD SHALL ADOPT STANDARDS FOR FINANCIAL LITERACY
THAT ADDRESS, AT A MINIMUM, THE FINANCIAL LITERACY TOPICS SPECIFIED
IN SECTION 22-2-127 (1).
(d) FOLLOWING ADOPTION OF THE FINANCIAL LITERACY STANDARDS,
THE BOARD SHALL IDENTIFY THE FINANCIAL LITERACY STANDARDS THAT ARE
APPROPRIATELY ASSESSED WITHIN A MATHEMATICS ASSESSMENT. WITH THE
NEXT REVISION OF THE STATEWIDE ASSESSMENTS THAT OCCURS AFTER THE
EFFECTIVE DATE OF HOUSE BILL 08-1168, ENACTED AT THE SECOND
REGULAR SESSION OF THE SIXTY-SIXTH GENERAL ASSEMBLY, THE BOARD
SHALL REVISE THE STATEWIDE MATHEMATICS ASSESSMENT TO ENSURE THAT
THE IDENTIFIED FINANCIAL LITERACY STANDARDS ARE ASSESSED WITHIN THE
MATHEMATICS ASSESSMENTS ADMINISTERED PURSUANT TO THE COLORADO
STUDENT ASSESSMENT PROGRAM IMPLEMENTED PURSUANT TO SECTION
22-7-409.
SECTION 2. 22-7-407 (4), Colorado Revised Statutes, is amended
to read:
22-7-407. Adoption of content standards by districts.
(4) (a) Following adoption of content standards pursuant to this section,
each district shall review and revise such THE content standards as
necessary to maintain maximum effectiveness. In revising such THE content
standards, each district shall seek recommendations from and shall work in
cooperation with educators, parents, students, business persons, members
of the general community who are representative of the cultural diversity of
the district, and the district's accountability committee created pursuant to
section 22-7-104.
(b) IN THE PROCESS OF ADOPTING THE FIRST REVISION OF THE
SCHOOL DISTRICT CONTENT STANDARDS THAT OCCURS AFTER THE EFFECTIVE
DATE OF HOUSE BILL 08-1168, ENACTED AT THE SECOND REGULAR SESSION
OF THE SIXTY-SIXTH GENERAL ASSEMBLY, EACH DISTRICT SHALL ADOPT
STANDARDS FOR FINANCIAL LITERACY THAT ADDRESS, AT A MINIMUM, THE
FINANCIAL LITERACY TOPICS SPECIFIED IN SECTION 22-2-127 (1). EACH
DISTRICT SHALL ALSO REVISE ITS CURRICULA TO ENSURE THAT THE
CURRICULA INCLUDE FINANCIAL LITERACY IN THE DISTRICT'S PROGRAMS OF
STUDY, AND EACH DISTRICT SHALL ADOPT ASSESSMENTS THAT ARE ALIGNED
WITH THE FINANCIAL LITERACY STANDARDS. A DISTRICT MAY INCLUDE
PAGE 2-HOUSE BILL 08-1168
ASSESSMENT OF FINANCIAL LITERACY STANDARDS WITHIN ASSESSMENTS
THAT ADDRESS STANDARDS IN OTHER SUBJECT AREAS.
SECTION 3. 22-7-406 (1), Colorado Revised Statutes, is amended
BY THE ADDITION A NEW PARAGRAPH to read:
22-7-406. Adoption of state model content standards, state
assessments, and timelines - resource bank. (1) (c) IN THE PROCESS OF
REVISING AND ADOPTING THE STATE CONTENT STANDARDS PURSUANT TO
SECTION 22-7-1005, THE BOARD SHALL ADOPT STANDARDS FOR FINANCIAL
LITERACY THAT ADDRESS, AT A MINIMUM, THE FINANCIAL LITERACY TOPICS
SPECIFIED IN SECTION 22-2-127 (1). FOLLOWING ADOPTION OF THE
FINANCIAL LITERACY STANDARDS, THE BOARD SHALL IDENTIFY THE
FINANCIAL LITERACY STANDARDS THAT ARE APPROPRIATELY ASSESSED
WITHIN A MATHEMATICS ASSESSMENT AND SHALL ENSURE THAT THE
IDENTIFIED STANDARDS ARE ASSESSED WITHIN THE MATHEMATICS
ASSESSMENTS ADMINISTERED AS PART OF THE SYSTEM OF ASSESSMENTS
ADOPTED PURSUANT TO SECTION 22-7-1006. INCLUSION OF ONE OR MORE
FINANCIAL LITERACY STANDARDS WITHIN A MATHEMATICS ASSESSMENT
SHALL NOT PREVENT THE BOARD FROM ASSESSING THE REMAINING
FINANCIAL LITERACY STANDARDS WITHIN ONE OR MORE OTHER
ASSESSMENTS.
SECTION 4. 22-7-407 (4), Colorado Revised Statutes, is amended
to read:
22-7-407. Adoption of content standards by districts.
(4) (a) Following adoption of content standards pursuant to this section,
each district shall review and revise such THE content standards as
necessary to maintain maximum effectiveness. In revising such THE content
standards, each district shall seek recommendations from and shall work in
cooperation with educators, parents, students, business persons, members
of the general community who are representative of the cultural diversity of
the district, and the district's accountability committee created pursuant to
section 22-7-104.
(b) IN REVISING AND ADOPTING DISTRICT STANDARDS PURSUANT TO
SECTION 22-7-1013, EACH DISTRICT SHALL ADOPT STANDARDS FOR
FINANCIAL LITERACY THAT ADDRESS, AT A MINIMUM, THE FINANCIAL
LITERACY TOPICS SPECIFIED IN SECTION 22-2-127 (1). EACH DISTRICT SHALL
PAGE 3-HOUSE BILL 08-1168
ALSO REVISE ITS CURRICULA AS REQUIRED IN SECTION 22-7-1013 (2) TO
ENSURE THAT THE CURRICULA INCLUDE FINANCIAL LITERACY IN THE
DISTRICT'S PROGRAMS OF STUDY, AND EACH DISTRICT SHALL ADOPT
ASSESSMENTS THAT ARE ALIGNED WITH THE FINANCIAL LITERACY
STANDARDS. A DISTRICT MAY INCLUDE ASSESSMENT OF FINANCIAL
LITERACY STANDARDS WITHIN ASSESSMENTS THAT ADDRESS STANDARDS IN
OTHER SUBJECT AREAS.
SECTION 5. 22-7-1005 (2) (a), Colorado Revised Statutes, as
enacted by Senate Bill 08-212, enacted at the second regular session of the
Sixty-sixth General Assembly, is amended to read:
22-7-1005. Preschool through elementary and secondary
education - aligned standards - adoption - revisions. (2) (a) The state
board shall ensure that the preschool through elementary and secondary
education standards, at a minimum, include standards in reading, writing,
mathematics, science, history, geography, visual and performing arts,
physical education, world languages, economics, civics, FINANCIAL
LITERACY, and any other instructional areas for which the state board had
adopted standards as of January 1, 2008.
SECTION 6. Effective date. (1) This act shall take effect upon
passage; except that:
(a) Sections 1 and 2 of this act shall not take effect if Senate Bill
08-212 is enacted and becomes law; and
(b) Sections 3 through 5 of this act shall take effect only if Senate
Bill 08-212 is enacted and becomes law.
SECTION 7. Safety clause. The general assembly hereby finds,
PAGE 4-HOUSE BILL 08-1168
determines, and declares that this act is necessary for the immediate
preservation of the public peace, health, and safety.
____________________________ ____________________________
Andrew Romanoff Peter C. Groff
SPEAKER OF THE HOUSE PRESIDENT OF
OF REPRESENTATIVES THE SENATE
____________________________ ____________________________
Marilyn Eddins Karen Goldman
CHIEF CLERK OF THE HOUSE SECRETARY OF
OF REPRESENTATIVES THE SENATE
APPROVED________________________________________
_________________________________________
Bill Ritter, Jr.
GOVERNOR OF THE STATE OF COLORADO
PAGE 5-HOUSE BILL 08-1168
