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 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.
Arkansas Legal Code