Ark. Code Ann. § 6-1-704
This is the official text of Ark. Code Ann. § 6-1-704, part of Arkansas’s Code Ann — part of the compiled statutory law of Arkansas, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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Duties of Arkansas Financial Education Commission
Official statutory text
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. Added by Act 2021, No. 1025,§ 1, eff. 7/28/2021.
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;
(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;
(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.
(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.
g; and (vi) Investing.
(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.
(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.
Added by Act 2021, No. 1025,§ 1, eff. 7/28/2021.
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;
(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;
(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.
(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.
g; and (vi) Investing.
(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.
(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.
Added by Act 2021, No. 1025,§ 1, eff. 7/28/2021.
Status: in_force
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