H.B. No. 399
  relating to requiring general academic teaching institutions to
  offer personal financial literacy training.
         SECTION 1.  Subchapter F, Chapter 51, Education Code, is
  amended by adding Section 51.305 to read as follows:
  this section:
               (1)  "Coordinating board" means the Texas Higher
  Education Coordinating Board.
               (2)  "General academic teaching institution" has the
  meaning assigned by Section 61.003.
         (b)  The coordinating board by rule shall:
               (1)  require a general academic teaching institution to
  offer training in personal financial literacy to provide students
  of the institution with the knowledge and skills necessary as
  self-supporting adults to make important decisions relating to
  personal financial matters; and
               (2)  determine the topics to be covered by the
  training, which may include budgeting, credit cards, spending,
  saving, loan repayment and consolidation, taxes, retirement
  planning, and financing of health care and other benefits.
         (c)  The coordinating board by rule may provide for the
  training required under this section to be offered in an online
         (d)  The coordinating board shall require general academic
  teaching institutions to offer the training required by this
  section as soon as the coordinating board considers practical, but
  not later than the 2013 fall semester.  This subsection expires
  January 1, 2014.
         SECTION 2.  The Texas Higher Education Coordinating Board
  shall adopt rules for the administration of Section 51.305,
  Education Code, as added by this Act, as soon as practicable after
  this Act takes effect. For that purpose, the coordinating board may
  adopt the rules in the manner provided by law for emergency rules.
         SECTION 3.  This Act takes effect immediately if it receives
  a vote of two-thirds of all the members elected to each house, as
  provided by Section 39, Article III, Texas Constitution.  If this
  Act does not receive the vote necessary for immediate effect, this
  Act takes effect September 1, 2011.
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
         I certify that H.B. No. 399 was passed by the House on April
  7, 2011, by the following vote:  Yeas 141, Nays 3, 1 present, not
  Chief Clerk of the House   
         I certify that H.B. No. 399 was passed by the Senate on May
  19, 2011, by the following vote:  Yeas 31, Nays 0.
  Secretary of the Senate    
  APPROVED:  _____________________