Today's Law As Amended


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AB-431 Pupil instruction: financial literacy: instructional materials: professional development.(2023-2024)



As Amends the Law Today


SECTION 1.

 Section 51284.6 is added to the Education Code, to read:

51284.6.
 (a) Subject to an appropriation of one-time funds for this purpose in the annual Budget Act or another statute, the Superintendent shall allocate funding for the purchase of standards-aligned instructional materials in financial literacy for kindergarten and grades 1 to 12, inclusive, and for professional development in that content.
(b) The Superintendent shall allocate funds appropriated pursuant to subdivision (a) to school districts, county offices of education, charter schools, and the state special schools on the basis of an equal amount per unit of regular average daily attendance, as those numbers were reported at the time of the first principal apportionment for the 2022–23 fiscal year.
(c) Funding appropriated pursuant to this section shall be available for encumbrance through the 2026–27 fiscal year.
(d) A school district, county office of education, charter school, or state special school shall expend funds allocated pursuant to this section for either or both of the following purposes:
(1) Professional development for teachers, administrators, and paraprofessional educators or other classified employees involved in the direct instruction of pupils on financial literacy that is aligned to the history-social science curriculum framework adopted by the state board and the subject matter specified in subdivision (a) of Section 51284.5.
(2) Instructional materials aligned to the history-social science curriculum framework adopted by the state board and the subject matter specified in subdivision (a) of Section 51284.5.
(e) Funding allocated pursuant to this section is subject to the annual audits required by Section 41020.