AN ACT requiring "credit education" for all students.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 115C‑81(i) reads as rewritten:
"(i)	Both the standard course of study and the Basic Education Program shall include the requirement that the public schools provide instruction in personal financial literacy for all students. Each student shall receive personal financial literacy instruction that shall include (i) the true cost of credit, (ii) choosing and managing a credit card, (iii) borrowing money for an automobile or other large purchase, (iv) home mortgages, (v) credit scoring and credit reports, and (vi) other relevant financial literacy issues.
The State Board of Education shall determine the other components of personal financial literacy that will be covered in the curriculum. The State Board shall also determine  into which courses and grade levels the  personal financial literacy curriculum   shall be integrated."
SECTION 2.  This act is effective when it becomes law and applies beginning with the 2011‑2012 school year.
In the General Assembly read three times and ratified this the 11th day of August, 2009.

	_____________________________________
		 Walter H. Dalton
	 President of the Senate

	_____________________________________
		 Joe Hackney
	 Speaker of the House of Representatives

	_____________________________________
		 Beverly E. Perdue
	 Governor

Approved __________.m. this ______________ day of ___________________, 2009