Revises provisions relating to education. (BDR 34-680)

EXEMPT
(Reprinted with amendments adopted on May 22, 2025)
FIRST REPRINT S.B. 229

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SENATE BILL NO. 229–SENATORS DONDERO LOOP, FLORES; CRUZ-
CRAWFORD, DALY, LANGE, NGUYEN, OHRENSCHALL,
PAZINA AND SCHEIBLE

FEBRUARY 20, 2025
____________

JOINT SPONSORS: ASSEMBLYMEMBERS
NGUYEN; ANDERSON AND DALIA
____________

Referred to Committee on Education

SUMMARY—Revises provisions relating to education.
(BDR 34-680)

FISCAL NOTE: Effect on Local Government: May have Fiscal Impact.
Effect on the State: No.

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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.

AN ACT relating to education; revising requirements for a pupil to
be awarded a State Seal of Financial Literacy; making
certain requirements relating to the provision of
instruction in financial literacy to pupils enrolled in
grades 3 to 12, inclusive, applicable to the provision of
such instruction to pupils enrolled in kindergarten and
grades 1 and 2; and providing other matters properly
relating thereto.
Legislative Counsel’s Digest:
Existing law requires the Superintendent of Public Instruction to establish a 1
State Seal of Financial Literacy Program to recognize certain pupils who have 2
attained a high level of proficien cy in financial literacy. (NRS 388.596) Existing 3
law requires a school that participates in the State Seal of Financial Literacy 4
Program to award a pupil, upon graduation from high school, a high school diploma 5
with a State Seal of Financial Literacy if th e pupil: (1) earns at least a 3.25 grade 6
point average, on a 4.0 grading school, or a 3.85 weighted grade point average, on a 7
grading scale approved by the Superintendent of Public Instruction if a different 8
grading scale is used; and (2) demonstrates prof iciency in financial literacy. 9
Existing law provides that a student demonstrates proficiency in financial literacy 10
by earning: (1) at least 3 credits in a subject area in which instruction on financial 11
literacy is provided; and (2) either earning a grade o f B or higher in a college -level 12
course in which instruction on financial literacy is provided or earning a score of 13

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gold or higher on the ACT National Career Readiness Certificate. (NRS 388.5962) 14
Section 1 of this bill lowers the grade point average that a student must earn to a 15
3.0 grade point average, on a 4.0 scale, or a 3.0 weighted grade point average, on a 16
grading scale approved by the Superintendent of Public Instruction if a different 17
scale is used. Section 1 further revises the requirements for a student to 18
demonstrate proficiency in financial literacy by instead providing that a student 19
demonstrates such proficiency if he or she earns at least 3 credits in a course of 20
career and technical education, mathematics or socials studies which relates to 21
financial literacy and: (1) earns a grade of B or higher in a college -level course, 22
including, without limitation, a dual credit course, in which instruction on financial 23
literacy is provided; (2) earns a score of at least 85 percent on a financial literac y 24
assessment provided by the Department of Education; or (3) completes an objective 25
test, exam or project which relates to financial literacy and is provided by certain 26
career and technical student organizations. 27
Existing law requires the board of trustee s of each school district and the 28
governing body of each charter school to ensure that instruction in financial literacy 29
is provided to pupils enrolled in grades 3 to 12, inclusive, in each public school 30
within the school district or in the charter school, as applicable. (NRS 389.074) 31
Section 2 of this bill instead requires such entities to ensure that such instruction is 32
provided to pupils enrolled in kindergarten and grades 1 to 12, inclusive, in such 33
schools. 34
Existing law further requires the board of trustees of each school district, each 35
school district and the governing body of each charter school in which pupils are 36
enrolled in any grade of grades 3 to 12, inclusive, to take certain actions to assist in 37
the provision of instruction in financial literacy, including: (1) encouraging certain 38
persons, businesses and entities to provide certain resources; and (2) providing 39
professional development training regarding financial literacy to certain teachers. 40
(NRS 389.074, 391A.385) Sections 2 and 3 of this bill instead require the board of 41
trustees of each school district, each school district and the governing body of each 42
charter school in which pupils are enrolled in kindergarten or any grade of grades 1 43
to 12, inclusive, to take these actions. 44

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN
SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

Section 1. NRS 388.5962 is hereby amended to read as 1
follows: 2
388.5962 A school district, charter school and university 3
school for profoundly gifted pupils that participates in the State Seal 4
of Financial Literacy Program established pursuant to NRS 388.596 5
must award a pupil, upon graduation from high school, a high 6
school diploma with a State Seal of Financial Literacy if the pupil: 7
1. Earns at least a [3.25] 3.0 grade point average, on a 4.0 8
grading scale, or a [3.85] 3.0 weighted grade point average, on a 9
grading scale approved by the Superintendent of Public Instruction 10
if a different grading scale is used. 11
2. Demonstrates proficiency in financial literacy by : [earning:] 12
(a) [At] Earning at least 3 credits in a [subject area in ] course 13
of career and technical education, mathematics or social studies 14

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which [instruction on ] relates to financial literacy ; [is provided; ] 1
and 2
(b) [Either] Meeting one of the following [:] conditions: 3
(1) [A] Earning a grade of B or higher in a college -level 4
course , including, without limitation, a dual credit course, in 5
which instruction on financial literacy is provided; [or] 6
(2) [A] Earning a score of [gold or higher] at least 85 7
percent on [the ACT National Career Readiness Certificate. ] a 8
financial literacy assessment provided by the Department; or 9
(3) Completing an objective test, exam or project which 10
relates to financial literacy and is provided by a care er and 11
technical student organization which is affiliated with a state or 12
national organization, including, without limitation, the Personal 13
Finance test provided by the Future Business Leaders of America, 14
or its successor organization, or the Personal Fin ancial Literacy 15
Exam provided by DECA Inc., or its successor organization. 16
Sec. 2. NRS 389.074 is hereby amended to read as follows: 17
389.074 1. The board of trustees of each school district and 18
the governing body of each charter school shall ensure that 19
instruction in financial literacy is provided to pupils enrolled in 20
kindergarten and grades [3] 1 to 12, inclusive, in each public 21
school within t he school district or in the charter school, as 22
applicable. The instruction must include, without limitation: 23
(a) The skills necessary to develop financial responsibility, 24
including, without limitation: 25
(1) Making reasonable financial decisions by analy zing the 26
alternatives and consequences of those financial decisions; 27
(2) Locating and evaluating financial information from 28
various sources; 29
(3) Judging the quality of services offered by a financial 30
institution; 31
(4) Developing communication strategies to discuss financial 32
issues; 33
(5) Controlling personal information; and 34
(6) Reviewing and summarizing federal and state consumer 35
protection laws. 36
(b) The skills necessary to manage finances, including, without 37
limitation: 38
(1) Developing a plan for spending and saving; 39
(2) Developing a system for keeping and using financial 40
records; and 41
(3) Developing a personal financial plan. 42
(c) The skills necessary to understand the use of credit and the 43
incurrence of debt, including, without limitation: 44

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(1) Identifying the costs and benefits of various types of 1
credit; 2
(2) Understanding the methods to manage debt and the 3
consequences of acquiring debt; 4
(3) Understanding how interest rates, compounding 5
frequency and the terms of a loan can affect the cost of credit; 6
(4) Completing an application for a loan; 7
(5) Understanding different types of loans, including, without 8
limitation, payday loans, automobile loans, student loans and 9
mortgages; 10
(6) Explaining the purpose of a credit report, including, 11
without limitation, the manner in which a credit report is used by 12
lenders; 13
(7) Describing the rights of a borrower regarding his or her 14
credit report; 15
(8) Identifying methods to avoid and resolve debt problems; 16
and 17
(9) Reviewing and summarizing federal and state consumer 18
credit protection laws. 19
(d) The skills necessary to understand the basic principles of 20
saving and investing, including, without limitation: 21
(1) Understanding how saving and investing contribute to 22
financial well-being; 23
(2) Understanding the methods of investing and alternatives 24
to investing; 25
(3) Understanding how to buy and sell investments; 26
(4) Understanding compound interest, including, without 27
limitation, in the context of investments; 28
(5) Understanding various types of securities, including, 29
without limitation, stocks and bonds; and 30
(6) Understanding how the regulation of financial institutions 31
protects investors. 32
(e) The skills necessary to prevent and limit the consequences of 33
identity theft and fraud. 34
(f) The skills necessary to understand the basic assessment of 35
taxes, including, without limitation, understanding the matter in 36
which taxes are computed by local, state and federal governmental 37
entities. 38
(g) The skills necessary to understand the basic principl es of 39
insurance, including, without limitation: 40
(1) Understanding the function of various insurance policies; 41
and 42
(2) Determining the quality of an insurance provider. 43
(h) The skills necessary to plan for higher education and career 44
choices, including, without limitation: 45

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(1) Information concerning institutions of higher education 1
and college preparedness; 2
(2) Information concerning career options; 3
(3) Writing a resume; 4
(4) Information concerning opportunities for financial aid, 5
including the Free Application for Federal Student Aid and the 6
programs of the Western Interstate Commission for Higher 7
Education, and the manner in which to qualify for such 8
opportunities; 9
(5) Information concerning scholarship opportunities, 10
including, witho ut limitation, the Governor Guinn Millennium 11
Scholarship Program and Silver State Opportunity Grant Program; 12
and 13
(6) Information concerning prepaid tuition and college 14
savings programs and plans established pursuant to chapter 353B of 15
NRS and section 529 of the Internal Revenue Code, 26 U.S.C. § 16
529. 17
2. The standards of content and performance for the instruction 18
in financial literacy required by subsection 1 must be included in the 19
standards of content and performance established by the Council to 20
Establish Academic Standards for Public Schools pursuant to NRS 21
389.520. The instruction required by subsection 1 must be: 22
(a) Age-appropriate; and 23
(b) Included within a course of study for which the Council has 24
established the relevant standards of content and performance, 25
including, without limitation, a course of study in economics, 26
mathematics or social studies. 27
3. The board of trustees of each school district and the 28
governing body of each charter school in which pupils are enrolled 29
in kindergarten or any grade of grades [3] 1 to 12, inclusive, shall 30
encourage: 31
(a) Persons to volunteer time, expertise and resources to assist a 32
school district, governing body of a charter school, public school or 33
teacher in the provision of instruction in financial literacy; and 34
(b) Partnerships between a school district or charter school and 35
relevant persons, businesses or entities in which those persons, 36
businesses or entities provide the resources necessary to provide 37
instruction in financial literacy. 38
Sec. 3. NRS 391A.385 is hereby amended to read as follows: 39
391A.385 Each school district and the governing body of a 40
charter school in which pupils are enrolled in kindergarten or any 41
grade of grades [3] 1 to 12, inclusive, shall provide professional 42
development training regarding financial literacy to teachers who 43
teach in a subject area in which instruction in financial literacy is 44
provided. Such professional development training may be provided 45

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by the school district or go verning body or through an agreement 1
with an institution of higher education or a regional training 2
program for professional development of teachers and 3
administrators. 4

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