S.B. No. 1590
  relating to requirements for personal financial literacy training
  offered by public school districts and public universities.
         SECTION 1.  Subsection (b), Section 51.305, Education Code,
  is amended to read as follows:
         (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 critical [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, insurance, and financing of health care and other
         SECTION 2.  Subsection (c), Section 29.915, Education Code,
  is amended to read as follows:
         (c)  The agency shall collaborate with the Office of Consumer
  Credit Commissioner and the State Securities Board to develop the
  curriculum and instructional materials for the program.  The
  curriculum and instructional materials must include information
               (1)  avoiding and eliminating credit card debt;
               (2)  understanding the rights and responsibilities of
  renting or buying a home;
               (3)  managing money to make the transition from renting
  a home to home ownership;
               (4)  starting a small business;
               (5)  being a prudent investor in the stock market and
  using other investment options;
               (6)  beginning a savings program;
               (7)  bankruptcy;
               (8)  the types of bank accounts available to consumers
  and the benefits of maintaining a bank account;
               (9)  balancing a check book; [and]
               (10)  the types of loans available to consumers and
  becoming a low-risk borrower; and
               (11)  the use of insurance as a means of protecting
  against financial risk.
         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, 2013.
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
         I hereby certify that S.B. No. 1590 passed the Senate on
  May 2, 2013, by the following vote:  Yeas 31, Nays 0.
  Secretary of the Senate    
         I hereby certify that S.B. No. 1590 passed the House on
  May 22, 2013, by the following vote:  Yeas 146, Nays 2, two
  present not voting.
  Chief Clerk of the House