Report Title:

Social Services; Financial Education

Description:

Requires the department of human services to offer financial education to applicants for and recipients of temporary assistance for needy families (HB99 HD1).

HOUSE OF REPRESENTATIVES	H.B. NO.	99
TWENTY-FOURTH LEGISLATURE, 2007		H.D. 1
STATE OF HAWAII

A BILL FOR AN ACT

RELATING TO SOCIAL SERVICES.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

     SECTION 1.  Chapter 346, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

     "§346‑   Financial education. In addition to any mandatory programs for certain applicants for, and recipients of, temporary assistance for needy families required by federal law, the department shall offer financial education to applicants for, and recipients of, temporary assistance for needy families.  For purposes of this section, "financial education" means education that promotes an understanding of consumer, economic, and personal finance concepts, including the basic principles involved with earning, budgeting, spending, saving, investing, and taxation."

     SECTION 2.  There is appropriated out of the federal temporary assistance for needy families program funds the sum of $       or so much thereof as may be necessary for fiscal year 2007-2008 and the same sum or so much thereof as may be necessary for fiscal year 2008-2009 for the department of human services to offer financial education to applicants for, and recipients of, temporary assistance for needy families.

     The sums appropriated shall be expended by the department of human services for the purposes of this Act.

     SECTION 3.  New statutory material is underscored.

     SECTION 4.  This Act shall take effect on July 1, 2007.