Pupil instruction: financial education.

Existing law requires the adopted course of study for grades 1 to 6, inclusive, and for grades 7 to 12, inclusive, to offer instruction in specified areas of study, including social sciences. Existing law establishes the Instructional Quality Commission and requires the commission to, among other things, recommend curriculum frameworks to the State Board of Education. Existing law requires the state board, concurrently with, but not before, the next revision of textbooks or curriculum frameworks in the social sciences, health, and mathematics curricula, to ensure that these academic areas integrate components of, among other things, financial literacy. Notwithstanding that requirement on the state board, existing law requires the commission, when the history-social science curriculum framework is revised after January 1, 2017, to consider including age-appropriate information for kindergarten and grades 1 to 12, inclusive, regarding certain topics on financial literacy. This bill would require the State Department of Education to develop, among other things, curriculum, instructional materials, and professional development resources related to personal finance topics, as provided. The bill would also require the department to communicate to school districts, county offices of education, and charter schools the financial literacy content in the history-social science framework and in other frameworks, as well as strategies for expanding the provision, and increasing the quality, of financial education instruction. The bill would require the department to review financial education curriculum available to local educational agencies and update on an ongoing basis the financial literacy resources listed on its internet website. The bill would make implementation of all of its provisions contingent upon an appropriation of funds by the Legislature for these purposes in the annual Budget Act or another statute.