(a) The Division of Elementary and Secondary Education, in consultation with the Division of Career and Technical Education and subject to the approval of the State Board of Education, shall develop personal and family finance standards.
(b) The standards shall include the following material concerning personal and family finance:
(1) Income, including without limitation taxes;
(2) Money management, including without limitation:
(A) Household budget creation;
(B) Banking practices, including savings account and checking account maintenance;
(C) Insurance;
(D) Charitable giving; and
(E) Long-term financial planning;
(3) Spending and credit, including without limitation:
(A) Basic consumer finance;
(B) Identity fraud and theft;
(C) Home ownership;
(D) Debt management;
(E) Credit management;
(F) Bankruptcy; and
(G) Consumer protection;
(4) Saving and investing, including without limitation:
(A) Methods of saving;
(B) Methods of investing;
(C) Retirement planning;
(D) Risk and return; and
(E) Regulation of savings and investment; and
(5) Preparing for employment, including without limitation:
(A) Decision making and employment choices;
(B) Job seeking skills, including resume building and interview skills;
(C) Understanding paychecks, including without limitation:
(i) I-9 forms;
(ii) W-4 forms; and
(iii) Income tax deductions;
(D) Employment benefits;
(E) Soft job skills, including without limitation:
(i) Communication;
(ii) Time management; and
(iii) Meeting basic employer expectations and requirements;
(F) The differences between salaried and hourly employment; and
(G) Overtime.
(c) Beginning with the entering ninth grade class of the 2017-2018 school year, each public high school student shall be required before graduation to earn a credit in a course taken in grade nine (9), grade ten (10), grade eleven (11), or grade twelve (12) that includes the personal and family finance standards under subsection (b) of this section.
Structure Arkansas Code
Subtitle 2 - Elementary and Secondary Education Generally
Subchapter 1 - General Provisions
§ 6-16-101. Celebrate Freedom Week
§ 6-16-102. School day — Definition
§ 6-16-103. Course of study generally
§ 6-16-104. Basic language of instruction
§ 6-16-105. United States flag
§ 6-16-107. Patriotic observances generally
§ 6-16-108. Recitation of the Pledge of Allegiance
§ 6-16-111. Morals, manners, patriotism, and business and professional integrity
§ 6-16-118. High school equivalency testing for adults — Fees — Definition
§ 6-16-120. Academic credit for community service
§ 6-16-121. African-American history — Teaching materials
§ 6-16-124. Arkansas history — Required social studies course
§ 6-16-126. Food handling safety — Instructional materials clearinghouse
§ 6-16-127. Arkansas Foreign Language Teacher Training Program
§ 6-16-128. Arkansas Early Grades Foreign Language Pilot Program
§ 6-16-129. Gun violence prevention
§ 6-16-130. Visual art or music
§ 6-16-132. Physical education
§ 6-16-133. World War II veterans
§ 6-16-134. Veterans’ diplomas
§ 6-16-135. Personal and family finance standards
§ 6-16-136. Statewide coordination of distance learning
§ 6-16-137. Physical education credit for physical activity courses — Definitions
§ 6-16-139. Technology curriculum
§ 6-16-140. Vocational or technical course awards
§ 6-16-141. Credit for participating in Junior Reserve Officers’ Training Corps
§ 6-16-142. American Sign Language as modern language or foreign language — Definition
§ 6-16-143. Cardiopulmonary resuscitation instruction
§ 6-16-144. Arts-Enriched Curriculum Program
§ 6-16-145. Academic study of the Bible course
§ 6-16-147. Computer science — Required course offering
§ 6-16-149. United States citizenship civics test