2018 Arkansas Code
Title 6 - Education
Subtitle 2 - Elementary and Secondary Education Generally
Chapter 16 - Curriculum
Subchapter 1 - General Provisions
§ 6-16-135. Personal and family finance standards

Universal Citation: AR Code § 6-16-135 (2018)
  • (a) The Department of Education, in consultation with the Department of Career Education and subject to the approval of the State Board of Education, shall develop personal and family finance standards.

  • (b) The standards shall include the following material concerning personal and family finance:

    • (1) Income, including without limitation taxes;

    • (2) Money management, including without limitation:

      • (A) Household budget creation;

      • (B) Banking practices, including savings account and checking account maintenance;

      • (C) Insurance;

      • (D) Charitable giving; and

      • (E) Long-term financial planning;

    • (3) Spending and credit, including without limitation:

      • (A) Basic consumer finance;

      • (B) Identity fraud and theft;

      • (C) Home ownership;

      • (D) Debt management;

      • (E) Credit management;

      • (F) Bankruptcy; and

      • (G) Consumer protection;

    • (4) Saving and investing, including without limitation:

      • (A) Methods of saving;

      • (B) Methods of investing;

      • (C) Retirement planning;

      • (D) Risk and return; and

      • (E) Regulation of savings and investment; and

    • (5) Preparing for employment, including without limitation:

      • (A) Decision making and employment choices;

      • (B) Job seeking skills, including resume building and interview skills;

      • (C) Understanding paychecks, including without limitation:

        • (i) I-9 forms;

        • (ii) W-4 forms; and

        • (iii) Income tax deductions;

      • (D) Employment benefits;

      • (E) Soft job skills, including without limitation:

        • (i) Communication;

        • (ii) Time management; and

        • (iii) Meeting basic employer expectations and requirements;

      • (F) The differences between salaried and hourly employment; and

      • (G) Overtime.

  • (c) Beginning with the entering ninth grade class of the 2017-2018 school year, each public high school student shall be required before graduation to earn a credit in a course taken in grade ten (10), grade eleven (11), or grade twelve (12) that includes the personal and family finance standards.

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