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Arkansas Code Title 6. Education § 6-1-704. Duties of the Arkansas Financial Education Commission

Current as of March 28, 2024 | Updated by Findlaw Staff

The duties of the Arkansas Financial Education Commission include:

(1) Appointing as temporary director of the commission, a member of the Section 529 Plan Review Committee, as described in § 6-84-105, and if necessary, appointing a new and independent director of the commission;

(2) Raising funds for financial literacy educational plans and programs, excluding a regulator who:

(A) Is a member of the board of directors of the commission; and

(B) Shall not directly or indirectly participate in the commission's fundraising activities;

(3)(A) Managing and implementing financial literacy educational plans and programs.

(B) A financial literacy education plan or program described in subdivision (3)(A) of this section includes without limitation financial literacy educational programs for elementary and secondary school students;

(4) Providing education in all aspects of financial matters;

(5) Creating a website to make financial resources available to all Arkansans that covers a wide range of financial topics;

(6) Creating and providing awards to individuals and organizations that help improve financial literacy throughout the state; and

(7)(A) Working with other state agencies in providing financial literacy education and topics to schools in the state.

(B) The topics shall include:

(i) Earning a livable income;

(ii) Balancing a checkbook and bank account;

(iii) Use of credit cards and managing debt;

(iv) Saving for postsecondary education;

(v) Retirement and long-term financial planning; and

(vi) Investing.

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Cite this article: FindLaw.com - Arkansas Code Title 6. Education § 6-1-704. Duties of the Arkansas Financial Education Commission - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-6-education/ar-code-sect-6-1-704/

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