LEGISLATIVE FISCAL OFFICE
Fiscal Note
Fiscal Note On: HB 103 HLS 23RS 2
Bill Text Version: ENROLLED
Opp. Chamb. Action:
Proposed Amd.:
Sub. Bill For.:
Date: June 6, 2023 12:02 PM Author: MUSCARELLO
Dept./Agy.: Education
Subject: High school core curriculum Analyst: Julie Silva
CURRICULA EN INCREASE LF EX See Note Page 1 of 1
Adds Financial Literacy as a required course for high school students
Proposed legislation changes Mathematics curriculum requirements to include a one-unit Financial Literacy course for public
high school students. Proposed legislation also adds this requirement to the core curriculum requirements for Taylor
Opportunity Program for Students (TOPS) and TOPS-Tech awards.
EXPENDITURES 2023-24 2024-25 2025-26 2026-27 2027-28 5 -YEAR TOTAL
State Gen. Fd. $0 SEE BELOW SEE BELOW SEE BELOW SEE BELOW $0
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 INCREASE INCREASE INCREASE INCREASE $0
Annual Total $0 $0
REVENUES 2023-24 2024-25 2025-26 2026-27 2027-28 5 -YEAR TOTAL
State Gen. Fd. $0 $0 $0 $0 $0 $0
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total $0 $0 $0 $0 $0 $0
EXPENDITURE EXPLANATION
Local school districts will likely incur additional costs associated with developing or purchasing curricula for the one-unit
Financial Literacy course and any resources used in class instruction, but these costs are indeterminable, and will vary by
district.
The Louisiana Department of Education (LDE) reports the Board of Secondary and Elementary Education (BESE) may require
the department to adopt standards and review instructional material for the course, the cost of which is indeterminable. LDE
will be required to update and/or create new documents to reflect the addition of the one-unit Financial Literacy course to
graduation requirements, but this can be completed by existing personnel. LDE will also need to create course guidance,
which should include, at a minimum, a course description, suggested topics of instruction, and other sufficient resources to
cover a full-unit course, which can also be completed by existing personnel.
The proposed legislation adds a course in Financial Literacy as an additional unit of Mathematics to the core curriculum
requirements for a TOPS Opportunity, Performance, Honors award and the TOPS-Tech award as well as to high school core
curriculum degree program requirements. These changes would apply to students entering the ninth grade during the 2024
-25 school year, which would be students graduating during the 2027-28 school year. Per the Louisiana Office of Student
Financial Assistance (LOSFA) agreement with the Louisiana Department of Education (LDE) regarding Student Transcript
System (STS) data, LDE determines whether a student has met core curriculum requirements and calculates the GPA. LOSFA
staff works with LDOE programmers to ensure that the core reference tables reflect current law and rule; the STS system
then uses those tables to determine core completion and calculates a corresponding GPA on those courses.
REVENUE EXPLANATION
There is no anticipated direct material effect on governmental revenues as a result of this measure.
Senate Dual Referral Rules House
13.5.1 >= $100,000 Annual Fiscal Cost {S & H} 6.8(F)(1) >= $100,000 SGF Fiscal Cost {H & S}
13.5.2 >= $500,000 Annual Tax or Fee Evan Brasseaux
6.8(G) >= $500,000 Tax or Fee Increase
Change {S & H} or a Net Fee Decrease {S} Interim Deputy Fiscal Officer


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)