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AB-2187 Pupil instruction: financial literacy.(2019-2020)

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Date Published: 03/09/2020 09:00 PM
AB2187:v98#DOCUMENT

Amended  IN  Assembly  March 09, 2020

CALIFORNIA LEGISLATURE— 2019–2020 REGULAR SESSION

Assembly Bill
No. 2187


Introduced by Assembly Member Cunningham

February 11, 2020


An act to add Section 51225.9 to the Education Code, relating to pupil instruction.


LEGISLATIVE COUNSEL'S DIGEST


AB 2187, as amended, Cunningham. Pupil instruction: financial literacy.
Existing law requires each pupil completing grade 12 to satisfy certain requirements as a condition of receiving a diploma of graduation from high school. These requirements include the completion of designated coursework in grades 9 to 12, inclusive, including, among others, a one-semester course in economics. Existing law authorizes a governing board of a school district to adopt other coursework requirements.
This bill would authorize a school district or charter school to incorporate a financial literacy program with a specified curriculum into an economics course offered by the local educational agency. agency, and would authorize the curriculum for the financial literacy program to include specified topics. The bill would authorize a local educational agency that chooses to establish the financial literacy program to collaborate with a financial institution, as defined, at no cost to the local educational agency.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 Section 51225.9 is added to the Education Code, to read:

51225.9.
 (a) Commencing with the 2021–22 school year, a local educational agency may incorporate a financial literacy program into an economics course offered to satisfy the requirement of subparagraph (D) of paragraph (1) of subdivision (a) of Section 51225.3. The local educational agency may collaborate with a financial institution to establish the financial literacy program, at no cost to the local educational agency. In providing the financial literacy program, a local educational agency may use guest speakers or a presentation-type format.
(b) The curriculum for the financial literacy program authorized in subdivision (a) shall may include, but is not limited to, topics listed in paragraphs (1) to (11), inclusive, of subdivision (a) of Section 51284.5.
(c) For purposes of this section, the following definitions apply:
(1) “Financial institution” means any bank, savings bank, savings and loan association, or credit union established under the laws of the United States or of any state thereof.
(2) “Local educational agency” means a school district or charter school.
(d) This section does not supersede the requirements of Section 51225.3.