LRB-3103/1
PG:kjf:md
2009 - 2010 LEGISLATURE
September 30, 2009 - Introduced by Representatives Soletski, Spanbauer,
Berceau, Clark, Grigsby, Hraychuck, Jorgensen, Mason, Molepske Jr.,
Petrowski, Shilling, Turner, Young, Zigmunt and Sinicki, cosponsored by
Senators Taylor, Lehman, Hansen and
Schultz, by request of The Speaker's
Taskforce on Preventing Home Foreclosures. Referred to Committee on
Housing.
AB459,1,2
1An Act to create 115.28 (55) of the statutes;
relating to: the model academic
2standards for personal financial literacy.
Analysis by the Legislative Reference Bureau
This bill directs the state superintendent of public instruction to incorporate
into the model academic standards for personal financial literacy a review of the
different types of mortgages, the risks involved with each type of mortgage, and the
risks and causes of home foreclosure.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB459, s. 1
3Section
1. 115.28 (55) of the statutes is created to read:
AB459,1,74
115.28
(55) Personal financial literacy standards. Incorporate into the
5model academic standards for personal financial literacy a review of the different
6types of mortgages, the risks involved with each type of mortgage, and the risks and
7causes of home foreclosure.
