07-R391

2007 -- S 0804 SUBSTITUTE A

Enacted 06/30/07

J O I N T R E S O L U T I O N

CREATING A SPECIAL LEGISLATIVE COMMISSION TO STUDY YOUTH FINANCIAL EDUCATION

Introduced By: Senators Issa, Jabour, and Gallo

Date Introduced: March 01, 2007

     RESOLVED, That a special legislative commission be and the same is hereby created

consisting of fifteen (15) members: three (3) of whom shall be from the Senate, not more than

two (2) from the same political party to be appointed by the President of the Senate; three (3) of

whom shall be from the House of Representatives, not more than two (2) from the same political

party, to be appointed by the Speaker of House; one of whom shall be the Commissioner of

Elementary and Secondary Education, or designee; one of whom shall be the General Treasurer,

or designee; one of whom shall be the President of the Rhode Island Principals' Association, or

designee; one of whom shall be a member of the Rhode Island Society of Certified Public

Accountants, to be appointed by the President of the Senate; one of whom shall be a member of

the Rhode Island Mortgage Bankers Association, to be appointed by the Speaker of the House;

one of whom shall be a member of the Rhode Island Bankers Association, to be appointed by the

President of the Senate; one of whom shall be a member of the Financial Planners Association of

Rhode Island Inc., to be appointed by the Speaker of the House; one of whom shall a high school

teacher, to be appointed by the President of the Senate; and one of whom shall be a middle school

teacher, to be appointed by the Speaker of the House.

     In lieu of any appointment of a member of the legislature to the commission the

appointing authority may appoint a member of the general public to serve in lieu of a legislator,

provided that the majority leader or the minority leader of the political party which is entitled to

the appointment consents to the appointment of the member of the general public.

     The purpose of said commission shall be to study the status and future of youth personal

financial education in Rhode Island's middle and high schools.

     Forthwith upon passage of this resolution, the members of the commission shall meet at

the call of the Speaker of the House and organize and shall select from among the legislators a co-

chairperson from the House and a co-chairperson from the Senate. Vacancies in said commission

shall be filled in like manner as the original appointment.

     The membership of said commission shall receive no compensation for their services.

     All municipalities, departments and agencies of the state shall furnish such advice and

information, documentary and otherwise, to said commission and its agents as is deemed

necessary or desirable by the commission to facilitate the purposes of this resolution.

     The Joint Committee on Legislative Services is hereby authorized and directed to provide

suitable quarters for said commission; and be it further

     RESOLVED, That the commission shall report its findings and recommendations to the

General Assembly on or before April 1, 2008 and said commission shall expire on June 30, 2008.

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LC02398/SUB A

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