THE SENATE

S.C.R. NO.

177

TWENTY-FIFTH LEGISLATURE, 2009

 

STATE OF HAWAII

 

 

 

 

 

SENATE CONCURRENT RESOLUTION

 

 

requesting the SUPERINTENDENT OF EDUCATION TO APPOINT a task force to study the feasibility of implementing a pilot program that uses private sector resources for A financial and economic education and literacy Program for public school students on kauai AT NO COST TO THE DEPARTMENT OF EDUCATION.

 

 

 


     WHEREAS, projected public revenue is declining as the national and global recessions affect the State economy and reduces the resources available to the Department of Education; and

 

     WHEREAS, the State's current economic trouble highlights the need to educate the youth in Hawaii to be economically and financially literate citizens, who are capable of making sound decisions regarding saving, investing, and loans, and are aware of the consequences of poor financial decisions; and

 

     WHEREAS, private sector resources, such as experts in the financial industry, literature on financial and economic subjects, and curriculum aides, may be available for use by individual public schools or groups of public schools at no cost to the Department of Education or the State; and

 

     WHEREAS, the private sector resources may assist in educating students about the economy and promote a better understanding of principles and best practices that are particularly relevant to students and families during the current financial crisis; and

 

     WHEREAS, public schools in the Kauai Complex Area should be afforded the opportunity to work with the private sector to determine whether there are ways to make private sector resources for financial and economic education and literacy available to students at no cost to the Department of Education; and

 

     WHEREAS, private sector entities, such as banks, credit unions, insurance and securities agencies, financial counselors and planners, individual businesses, and business leaders, may be willing to volunteer their time and resources to educate public school students on ways to avoid poor economic and financial decisions; and

 

     WHEREAS, there appears to be merit in providing a mechanism to match private sector resources for a financial and economic education and literacy program with the needs of students in public schools on Kauai; now, therefore,

 

     BE IT RESOLVED by the Senate of the Twenty-fifth Legislature of the State of Hawaii, Regular Session of 2009, the House of Representatives concurring, that the Superintendent of Education is requested to appoint a task force, chaired by the Superintendent of the Kauai Complex Area, to report on the feasibility of implementing a pilot program that uses private sector resources for a financial and economic education and literacy program for public school students on Kauai at no cost to the Department of Education; and

 

     BE IT FURTHER RESOLVED that members of the task force should include representatives of the private sector on Kauai, including banks, credit unions, insurance and securities agencies, financial counselors and planners, and may include other individual businesses and business leaders who may be willing to volunteer their time and resources to the public schools on Kauai by helping to educate students on ways to avoid poor economic and financial decisions; and

 

     BE IT FURTHER RESOLVED that the task force is requested to examine how the resources should be provided and recommend a way to implement the pilot program and provide the resources to the public schools on Kauai, including actions or initiatives that require no change to laws, regulations, or policies; and

 

     BE IT FURTHER RESOLVED that the Superintendent of Education is requested to submit a report to the Legislature on the task force's findings and recommendations no later than twenty days prior to the convening of the Regular Session of 2010; and

 

     BE IT FURTHER RESOLVED that certified copies of this Concurrent Resolution be transmitted to the Superintendent of Education, Superintendent of the Kauai Complex Area, the Executive Director of the Hawaii Bankers Association, the Chairperson of the Board of the Hawaii Credit Union League, the Executive Director of the Hawaii Insurers Council, the President of the Hawaii Council on Economic Education, and the President of the Kauai Chamber of Commerce.

 

 

 

 

OFFERED BY:

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Report Title: 

Department of Education; Financial and Economic Education