Bill Status of HB 2001   94th General Assembly

Short Description:  EDUCATION-TECH

House Sponsors
Rep. Karen A. Yarbrough-Barbara Flynn Currie-Calvin L. Giles-Monique D. Davis, Chapin Rose, Karen May and Milton Patterson

Senate Sponsors
(Sen. Jacqueline Y. Collins)


Last Action  View All Actions

DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
105 ILCS 5/2-3.25jfrom Ch. 122, par. 2-3.25j

Synopsis As Introduced
Amends the School Code. Makes a technical change in a Section concerning implementing the provisions of Public Act 87-559.

House Amendment No. 1
Deletes reference to:
105 ILCS 5/2-3.25j
Adds reference to:
30 ILCS 105/5.640 new
105 ILCS 5/27-12.5 new

Deletes everything after the enacting clause. Amends the School Code and the State Finance Act. Requires the State Board of Education to develop and adopt curricula, materials, and guidelines for school boards to use in implementing a program of instruction on financial literacy within courses currently offered in public high schools in this State. Lists subject areas that the program must include. Creates the Financial Literacy Fund as a special fund in the State treasury. Provides that all money in the fund shall be used by the State Board to award grants to school districts for certain financial literacy purposes. Allows a school board to establish a special fund, with moneys to be used for certain financial literacy purposes. Requires the State Board to incorporate the elements of the program into Illinois learning standards. Effective immediately.

 State Mandates Fiscal Note (H-AM 1)(Illinois State Board of Education)
 The majority of the Financial Literacy curriculum suggested in this legislation is already supported in the Illinois Learning Standards, Goals 6, 14, and 15. The Office of Banks and Real Estate worked with the Illinois State Board of Education curriculum staff 2 years ago to develop the curriculum. The Financial Literacy Fund is a special fund in the State treasury that shall provide grant awards through the State Board to school districts for financial literacy purposes. The legislation also allows local school boards to establish a special fund to be used for financial literacy purposes.

Actions 
DateChamber Action
  2/14/2005HouseFiled with the Clerk by Rep. Michael J. Madigan
  2/14/2005HouseChief Co-Sponsor Rep. Barbara Flynn Currie
  2/14/2005HouseChief Co-Sponsor Rep. Calvin L. Giles
  2/16/2005HouseFirst Reading
  2/16/2005HouseReferred to Rules Committee
  2/17/2005HouseAssigned to Executive Committee
  3/9/2005HouseDo Pass / Short Debate Executive Committee; 013-000-000
  3/10/2005HousePlaced on Calendar 2nd Reading - Short Debate
  4/7/2005HouseSecond Reading - Short Debate
  4/7/2005HouseHeld on Calendar Order of Second Reading - Short Debate
  4/13/2005HouseHouse Amendment No. 1 Filed with Clerk by Rep. Karen A. Yarbrough
  4/13/2005HouseHouse Amendment No. 1 Referred to Rules Committee
  4/13/2005HouseAdded Chief Co-Sponsor Rep. Marlow H. Colvin
  4/13/2005HouseHouse Amendment No. 1 Rules Refers to Elementary & Secondary Education Committee
  4/14/2005HouseHouse Amendment No. 1 Recommends Be Adopted Elementary & Secondary Education Committee; 011-000-004
  4/14/2005HouseAdded Chief Co-Sponsor Rep. Karen A. Yarbrough
  4/14/2005HouseHouse Amendment No. 1 Adopted by Voice Vote
  4/14/2005HouseHeld on Calendar Order of Second Reading - Short Debate
  4/14/2005HouseState Mandates Fiscal Note Requested by Rep. William B. Black; As Amended by HA 1
  4/14/2005HouseChief Sponsor Changed to Rep. Marlow H. Colvin
  4/14/2005HouseRemove Chief Co-Sponsor Rep. Marlow H. Colvin
  4/14/2005HouseState Mandates Fiscal Note Requested - Withdrawn by Rep. William B. Black; As Amended by HA 1
  4/14/2005HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/15/2005HouseThird Reading - Short Debate - Passed 099-013-002
  4/15/2005HouseAdded Chief Co-Sponsor Rep. Monique D. Davis
  4/15/2005HouseAdded Co-Sponsor Rep. Chapin Rose
  4/15/2005HouseAdded Co-Sponsor Rep. Karen May
  4/15/2005HouseAdded Co-Sponsor Rep. Milton Patterson
  4/19/2005SenateArrive in Senate
  4/19/2005SenatePlaced on Calendar Order of First Reading April 20, 2005
  4/27/2005SenateChief Senate Sponsor Sen. Jacqueline Y. Collins
  4/28/2005HouseChief Sponsor Changed to Rep. Karen A. Yarbrough
  4/28/2005HouseRemove Chief Co-Sponsor Rep. Karen A. Yarbrough
  5/3/2005SenateState Mandates Fiscal Note Filed as amended by House Amendment No. 1, from the Illinois State Board of Education.
  5/5/2005SenateFirst Reading
  5/5/2005SenateReferred to Rules
  1/9/2007HouseSession Sine Die

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