State of Alaska
Fiscal Note
Bill Version: HCS CSSB 99(EDC)
2024 Legislative Session
Fiscal Note Number: 2
(H) Publish Date: 3/20/2024
Identifier: SB099CS(EDC)-EED-SSA-1-10-24 Department: Department of Education and Early Development
Title: FINANCIAL LITERACY PROGRAM IN SCHOOLS Appropriation: Education Support and Admin Services
Sponsor: WIELECHOWSKI Allocation: Student and School Achievement
Requester: House Education OMB Component Number: 2796
Expenditures/Revenues
Note: Amounts do not include inflation unless otherwise noted below. (Thousands of Dollars)
Included in
FY2025 Governor's
Appropriation FY2025 Out-Year Cost Estimates
Requested Request
OPERATING EXPENDITURES FY 2025 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030
Personal Services
Travel
Services 71.0
Commodities
Capital Outlay
Grants & Benefits
Miscellaneous
Total Operating 71.0 0.0 0.0 0.0 0.0 0.0 0.0
Fund Source (Operating Only)
1004 Gen Fund (UGF) 71.0
Total 71.0 0.0 0.0 0.0 0.0 0.0 0.0
Positions
Full-time
Part-time
Temporary
Change in Revenues
None
Total 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Estimated SUPPLEMENTAL (FY2024) cost: 0.0 (separate supplemental appropriation required)
Estimated CAPITAL (FY2025) cost: 0.0 (separate capital appropriation required)
Does the bill create or modify a new fund or account? No
(Supplemental/Capital/New Fund - discuss reasons and fund source(s) in analysis section)
ASSOCIATED REGULATIONS
Does the bill direct, or will the bill result in, regulation changes adopted by your agency? yes
If yes, by what date are the regulations to be adopted, amended or repealed? 06/30/25
Why this fiscal note differs from previous version/comments:
Updated from SLA2023 to SLA2024 fiscal note template
Prepared By: Kathy Moffitt, Director Phone: (907)269-6579
Division: Innovation and Edducation Excellence Date: 01/10/2024 08:30 AM
Approved By: Tama Carson, Administrative Services Director Date: 01/18/24
Agency: Department of Education and Early Development
Printed 3/18/2024 Page 1 of 2 Control Code: TcMVL
 HCS CSSB 99(EDC) - Fiscal Note 2
FISCAL NOTE ANALYSIS
STATE OF ALASKA BILL NO. CSSB 99
2024 LEGISLATIVE SESSION
Analysis
This bill amends AS 14.03 by adding a financial literacy education course as part of the public school system. This bill
would add the requirement for all students in grade nine through 12 to complete a one‐half credit hour financial literacy
course. The Department of Education and Early Development (DEED) would be required to approve courses to meet this
requirement.
This fiscal note contains three one‐time expenses: 1) $30.0 for stipends ($1.5 each) for 20 educators and community
stakeholders for participation in the development of a rubric to evaluate courses, and to complete the review based on
the developed rubric; 2) $35.0 to contract an education expert to facilitate the development of a rubric and evaluation of
courses; and, 3) $6.0 for legal fees to implement the necessary regulation changes.
DEED plans to hold the necessary stakeholder engagement meetings with participating educators and community
stakeholders virtually and to publish the approved course list electronically on the DEED website.
This bill would take effect July 1, 2025 (FY2026).
(Revised 10/31/2023 OMB/LFD) Page 2 of 2
SB099CS(EDC)-EED-SSA-1-10-24 Page 2 of 2 Control Code: TcMVL


Statutes affected:
SB0099A, AM SB 99, introduced 03/10/2023: 14.30.350
SB0099B, AM CSSB 99(EDC), introduced 04/19/2023: 14.30.350
SB0099C, AM HCS CSSB 99(EDC), introduced 03/20/2024: 14.30.350