File No. 32980
This rule was published in the October 1, 2009, issue (Vol. 2009, No. 19) of the Utah State Bulletin.
Financial and Economic Literacy Student Passport
Notice of Proposed Rule
DAR File No.: 32980
Filed: 09/15/2009 05:44:58 PM
Purpose of the rule or reason for the change:
Section R277-704-3 is amended to include language from S.B. 100, 2009 Legislative Session requiring that public schools provide parents/guardians and students with a financial and economic literacy passport and information about post-secondary education savings options during kindergarten enrollment. (DAR NOTE: S.B. 100 (2009) is found at Chapter 95, Laws of Utah 2009, and was effective 07/01/2009.)
Summary of the rule or change:
The amended rule provides additional language in Section R277-704-3 regarding the financial and economic literacy passport and about post-secondary education savings options.
State statutory or constitutional authorization for this rule:
- Section 53A-13-110
- Subsection 53A-1-401(3)
Anticipated cost or savings to:
the state budget:
There are no anticipated costs or savings to the state budget. New requirements requiring Utah State Office of Education responsibilities will be covered by existing staff within existing budget.
There are no anticipated costs or savings to local government. Financial and economic litercy passports have been required. New requirements are nominal and costs, if any, will be covered by existing public school staff within existing budget.
There are no anticipated costs or savings to small businesses. This rule and amendment apply to public schools and not to businesses.
persons other than small businesses, businesses, or local governmental entities:
There are no anticipated costs or savings to persons other than small businesses, businesses, or local government entities. Financial and economic literacy passports and information about post-secondary education savings will be provided to parents/guardians and students during kindergarten enrollment at no cost to parents/guardians and students.
Compliance costs for affected persons:
There are no compliance costs for affected persons. Costs for public schools to provide financial and economic literacy student passports and information about post-secondary education savings options during kindergarten enrollment is nominal.
Comments by the department head on the fiscal impact the rule may have on businesses:
I have reviewed this rule and I see no fiscal impact on businesses.
Larry K. Shumway, State Superintendent
The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:Education
250 E 500 S
SALT LAKE CITY, UT 84111-3272
Direct questions regarding this rule to:
- Carol Lear at the above address, by phone at 801-538-7835, by FAX at 801-538-7768, or by Internet E-mail at firstname.lastname@example.org
Interested persons may present their views on this rule by submitting written comments to the address above no later than 5:00 p.m. on:
This rule may become effective on:
Carol Lear, Director, School Law and Legislation
R277. Education, Administration.
R277-704. Financial and Economic Literacy: Integration into Core Curriculum and Financial and Economic Literacy Student Passports.
R277-704-3. Financial and Economic Literacy Student Passport.
A. The Board and the USOE shall develop and promote a financial and economic literacy student passport model, which would include tracking of student progress toward a passport.
B. Early efforts will focus on students in grades nine through 12.
C. Development efforts will include parent and community participation.
D. A major goal of the development and promotion of a financial and economic literacy student passport will be to inform and educate students and their parents throughout the public school experience of the importance of financial and economic literacy and its applicability to all areas of the public school curriculum.
Students and parents shall receive]
information and encouragement toward the financial and economic literacy student passport opportunity upon development as part of the SEOP process.
KEY: financial, economic, literacy
Date of Enactment or Last Substantive Amendment: [
November 10, 2008
Authorizing, and Implemented or Interpreted Law: Art X Sec 3; 53A-13-110; 53A-1-401(3)
The Portable Document Format (PDF) version of the Bulletin is the official version. The PDF version of this issue is available at https://rules.utah.gov/publicat/bull-pdf/2009/b20091001.pdf. The HTML edition of the Bulletin is a convenience copy. Any discrepancy between the PDF version and HTML version is resolved in favor of the PDF version.
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For questions regarding the content or application of this rule, please contact Carol Lear at the above address, by phone at 801-538-7835, by FAX at 801-538-7768, or by Internet E-mail at email@example.com.