This bill amends Louisiana education laws to establish Financial Literacy as a mandatory high school course, replacing previous requirements for personal financial management instruction. It modifies several sections of the law, including R.S. 17:183.3, R.S. 17:270, and R.S. 17:5025, to incorporate a one-unit Financial Literacy course into the core curriculum necessary for high school graduation and eligibility for TOPS awards. The course will cover essential topics such as managing bank accounts, budgeting, credit management, and understanding taxes, ensuring that students acquire practical skills for financial independence.

Additionally, the bill repeals R.S. 17:274.1(C)(2) entirely and amends R.S. 17:183.3(B)(2)(b) and 270(A) and (B), specifically for students entering the ninth grade during the 2024-2025 school year and thereafter. The effective dates for the bill are staggered, with Section 2 taking effect on July 1, 2024, while Sections 1, 3, and the current section will be effective on August 1, 2023. This phased implementation is designed to facilitate a smooth transition to the new educational requirements.

Statutes affected:
HB103 Original: 17:3(B)(2), 17:270(A), 17:5025, 17:5026(A)(2), 17:1(C)(2)
HB103 Engrossed: 17:3(B)(2), 17:270(A), 17:5025, 17:5026(A)(2), 17:1(C)(2)
HB103 Enrolled: 17:3(B)(2), 17:270(A), 17:5025, 17:5026(A)(2), 17:1(C)(2)
HB103 Act 267: 17:3(B)(2), 17:270(A), 17:5025, 17:5026(A)(2), 17:1(C)(2)