Commissioner's Rules
Adopted Amendment to 19 TAC Chapter 102, Educational Programs, Subchapter EE, Commissioner's Rules Concerning Pilot Programs, §102.1051, Financial Literacy Pilot Program
Attachments:
I. Statutory Citation (PDF)
II. Text of Adopted Amendment to 19 TAC Chapter 102, Educational Programs, Subchapter EE, Commissioner's Rules Concerning Pilot Programs, §102.1051, Financial Literacy Pilot Program (PDF)
SUMMARY:
The rule action presented in this item will be filed as adopted with the Texas Register under the commissioner's rulemaking authority. This item adopts an amendment to 19 TAC Chapter 102, Educational Programs, Subchapter EE, Commissioner's Rules Concerning Pilot Programs, §102.1051, Financial Literacy Pilot Program. The adopted amendment implements the requirements of the Texas Education Code (TEC), §29.915, Financial Literacy Pilot Program. The TEC, §29.915, as amended by House Bill (HB) 3646, 81st Texas Legislature, 2009, requires the Texas Education Agency (TEA) by rule to expand the financial literacy pilot program from not more than 25 school districts to not more than 100 school districts. No changes were made to the rule since published as proposed.
STATUTORY AUTHORITY:
TEC, §29.915, as amended by HB 3646, 81st Texas Legislature, 2009.
EFFECTIVE DATE:
May 6, 2010.
BACKGROUND INFORMATION AND SIGNIFICANT ISSUES:
The TEC, §29.915, requires the TEA by rule to establish and implement a financial literacy pilot program. HB 3646, 81st Texas Legislature, 2009, requires the TEA by rule to expand the financial literacy pilot program from not more than 25 school districts to not more than 100 school districts.
Under the TEC, §29.915, the TEA is permitted to solicit and accept a gift, grant, or donation from any source for the implementation of the program. The program may be implemented only if sufficient funds are available for that purpose.
The adopted amendment to 19 TAC §102.1051 updates the rule to specify that not more than 100 school districts will be selected to participate in the financial literacy pilot program.
No changes were made to the rule since published as proposed.
FISCAL IMPACT:
The TEA has determined that there are no additional costs to persons or entities required to comply with the rule action. In addition, there is no direct adverse economic impact for small businesses and microbusinesses; therefore, no regulatory flexibility analysis, specified in Texas Government Code, §2006.002, is required.
PUBLIC AND STUDENT BENEFIT:
The adopted amendment provides students in participating school districts with the knowledge and skills necessary to make critical decisions relating to personal finance.
PROCEDURAL AND REPORTING IMPLICATIONS:
The TEA is required to provide each member of the legislature with a report relating to the implementation and effectiveness of the program no later than January 1, 2011. Accordingly, each participating district will be required to report information on implementation of the program to the TEA in accordance with requirements specified by the commissioner.
LOCALLY MAINTAINED PAPERWORK REQUIREMENTS:
The adopted amendment has no new locally maintained paperwork requirements.
PUBLIC COMMENTS:
The public comment period on the rule action began December 25, 2009, and ended January 25, 2010. No public comments were received.
ALTERNATIVES:
None.
OTHER COMMENTS AND RELATED ISSUES:
None.
Staff Members Responsible:
Anita Givens, Associate Commissioner, Standards and Programs
Norma Torres-Martinez, Deputy Associate Commissioner, Standards and Alignment
Monica Martinez, Managing Director, Curriculum
For additional information, email rules@tea.state.tx.us.